This property looks like a bad Long-Term investment with a projected -18.09% first-year return on $168k initial cash invested.
-18.09%
Cash On Cash
2.94%
Cap Rate
0.45
DSCR
$3,769
Rent
-$2,528
Cashflow
Cash Flow
$3,769 income − $6,297 expenses = $2,528 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,769
Total Expenses
$6,297
Mortgage P&I
114%
$4,293
Property Taxes
20%
$745
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0