This property looks like a bad Long-Term investment with a projected -18.84% first-year return on $170k initial cash invested.
-18.84%
Cash On Cash
2.7%
Cap Rate
0.42
DSCR
$3,012
Rent
-$2,664
Cashflow
Cash Flow
$3,012 income − $5,676 expenses = $2,664 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,079
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,012
Total Expenses
$5,676
Mortgage P&I
144%
$4,332
Property Taxes
9%
$256
Home Insurance
10%
$297
HOA
0%
$7
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0