This property looks like a bad Long-Term investment with a projected -22.67% first-year return on $172k initial cash invested.
-22.67%
Cash On Cash
1.5%
Cap Rate
0.25
DSCR
$2,397
Rent
-$3,254
Cashflow
Cash Flow
$2,397 income − $5,651 expenses = $3,254 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,202
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,397
Total Expenses
$5,651
Mortgage P&I
174%
$4,161
Property Taxes
20%
$468
Home Insurance
13%
$306
HOA
4%
$92
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0