This property looks like a bad Long-Term investment with a projected -22.38% first-year return on $168k initial cash invested.
-22.38%
Cash On Cash
2.02%
Cap Rate
0.31
DSCR
$2,312
Rent
-$3,129
Cashflow
Cash Flow
$2,312 income − $5,441 expenses = $3,129 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,312
Total Expenses
$5,441
Mortgage P&I
188%
$4,355
Property Taxes
9%
$204
Home Insurance
12%
$280
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0