This property looks like a bad Long-Term investment with a projected -17.18% first-year return on $167k initial cash invested.
-17.18%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$3,759
Rent
-$2,397
Cashflow
Cash Flow
$3,759 income − $6,156 expenses = $2,397 out of pocket
Investment Breakdown
|
Purchase Price
$797k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,759
Total Expenses
$6,156
Mortgage P&I
115%
$4,328
Property Taxes
15%
$571
Home Insurance
7%
$279
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0