This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $171k initial cash invested.
-16.6%
Cash On Cash
3.35%
Cap Rate
0.51
DSCR
$4,128
Rent
-$2,366
Cashflow
Cash Flow
$4,128 income − $6,494 expenses = $2,366 out of pocket
Investment Breakdown
|
Purchase Price
$814k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,143
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,128
Total Expenses
$6,494
Mortgage P&I
107%
$4,434
Property Taxes
17%
$707
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0