This property looks like a bad Long-Term investment with a projected -23.78% first-year return on $171k initial cash invested.
-23.78%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$2,336
Rent
-$3,397
Cashflow
Cash Flow
$2,336 income − $5,733 expenses = $3,397 out of pocket
Investment Breakdown
|
Purchase Price
$816k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,336
Total Expenses
$5,733
Mortgage P&I
191%
$4,451
Property Taxes
16%
$377
Home Insurance
13%
$297
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0