This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $168k initial cash invested.
-16.89%
Cash On Cash
2.85%
Cap Rate
0.46
DSCR
$2,977
Rent
-$2,364
Cashflow
Cash Flow
$2,977 income − $5,341 expenses = $2,364 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,977
Total Expenses
$5,341
Mortgage P&I
138%
$4,115
Property Taxes
0%
$13
Home Insurance
9%
$280
HOA
5%
$158
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0