This property looks like a bad Long-Term investment with a projected -11% first-year return on $168k initial cash invested.
-11%
Cash On Cash
4.22%
Cap Rate
0.68
DSCR
$4,830
Rent
-$1,537
Cashflow
Cash Flow
$4,830 income − $6,367 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,830
Total Expenses
$6,367
Mortgage P&I
85%
$4,101
Property Taxes
15%
$747
Home Insurance
5%
$262
HOA
0%
$0
Property Management
10%
$483
CapEx
5%
$242
Vacancy
6%
$290
Maintenance
5%
$242
Other
0%
$0