This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $172k initial cash invested.
-20.19%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$3,103
Rent
-$2,892
Cashflow
Cash Flow
$3,103 income − $5,995 expenses = $2,892 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,103
Total Expenses
$5,995
Mortgage P&I
134%
$4,145
Property Taxes
18%
$554
Home Insurance
16%
$490
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0