This property looks like a bad Long-Term investment with a projected -19.58% first-year return on $171k initial cash invested.
-19.58%
Cash On Cash
2.23%
Cap Rate
0.37
DSCR
$3,643
Rent
-$2,786
Cashflow
Cash Flow
$3,643 income − $6,429 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,643
Total Expenses
$6,429
Mortgage P&I
113%
$4,113
Property Taxes
22%
$812
Home Insurance
8%
$304
HOA
7%
$253
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0