This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $172k initial cash invested.
-19.72%
Cash On Cash
2.48%
Cap Rate
0.39
DSCR
$3,393
Rent
-$2,826
Cashflow
Cash Flow
$3,393 income − $6,219 expenses = $2,826 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,393
Total Expenses
$6,219
Mortgage P&I
128%
$4,348
Property Taxes
21%
$713
Home Insurance
8%
$275
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0