This property looks like a bad Long-Term investment with a projected -23.05% first-year return on $168k initial cash invested.
-23.05%
Cash On Cash
1.65%
Cap Rate
0.26
DSCR
$2,722
Rent
-$3,227
Cashflow
Cash Flow
$2,722 income − $5,949 expenses = $3,227 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,722
Total Expenses
$5,949
Mortgage P&I
154%
$4,189
Property Taxes
28%
$773
Home Insurance
10%
$280
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0