This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $168k initial cash invested.
-17.13%
Cash On Cash
3.11%
Cap Rate
0.49
DSCR
$3,969
Rent
-$2,398
Cashflow
Cash Flow
$3,969 income − $6,367 expenses = $2,398 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,969
Total Expenses
$6,367
Mortgage P&I
108%
$4,276
Property Taxes
20%
$780
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0