This property looks like a bad Long-Term investment with a projected -18.8% first-year return on $168k initial cash invested.
-18.8%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$3,697
Rent
-$2,633
Cashflow
Cash Flow
$3,697 income − $6,330 expenses = $2,633 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,005
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,697
Total Expenses
$6,330
Mortgage P&I
120%
$4,426
Property Taxes
18%
$667
Home Insurance
7%
$275
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0