This property looks like a bad Long-Term investment with a projected -18.79% first-year return on $171k initial cash invested.
-18.79%
Cash On Cash
2.47%
Cap Rate
0.4
DSCR
$3,497
Rent
-$2,683
Cashflow
Cash Flow
$3,497 income − $6,180 expenses = $2,683 out of pocket
Investment Breakdown
|
Purchase Price
$816k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,497
Total Expenses
$6,180
Mortgage P&I
120%
$4,190
Property Taxes
23%
$795
Home Insurance
8%
$285
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0