This property looks like a bad Long-Term investment with a projected -17.74% first-year return on $171k initial cash invested.
-17.74%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$3,671
Rent
-$2,524
Cashflow
Cash Flow
$3,671 income − $6,195 expenses = $2,524 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,128
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,671
Total Expenses
$6,195
Mortgage P&I
118%
$4,348
Property Taxes
16%
$605
Home Insurance
8%
$287
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$184
Vacancy
6%
$220
Maintenance
5%
$184
Other
0%
$0