This property looks like a bad Long-Term investment with a projected -24.38% first-year return on $169k initial cash invested.
-24.38%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$2,283
Rent
-$3,442
Cashflow
Cash Flow
$2,283 income − $5,725 expenses = $3,442 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,069
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,283
Total Expenses
$5,725
Mortgage P&I
191%
$4,367
Property Taxes
20%
$459
Home Insurance
13%
$289
HOA
1%
$17
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0