This property looks like a bad Long-Term investment with a projected -19.56% first-year return on $172k initial cash invested.
-19.56%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$3,385
Rent
-$2,800
Cashflow
Cash Flow
$3,385 income − $6,185 expenses = $2,800 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,385
Total Expenses
$6,185
Mortgage P&I
131%
$4,441
Property Taxes
18%
$603
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0