This property looks like a bad Long-Term investment with a projected -21.15% first-year return on $168k initial cash invested.
-21.15%
Cash On Cash
2.23%
Cap Rate
0.35
DSCR
$2,959
Rent
-$2,960
Cashflow
Cash Flow
$2,959 income − $5,919 expenses = $2,960 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,959
Total Expenses
$5,919
Mortgage P&I
145%
$4,296
Property Taxes
18%
$544
Home Insurance
9%
$280
HOA
1%
$29
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0