This property looks like a bad Long-Term investment with a projected -19.62% first-year return on $169k initial cash invested.
-19.62%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$2,986
Rent
-$2,771
Cashflow
Cash Flow
$2,986 income − $5,757 expenses = $2,771 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,986
Total Expenses
$5,757
Mortgage P&I
150%
$4,490
Property Taxes
6%
$193
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0