This property looks like a bad Long-Term investment with a projected -19.07% first-year return on $170k initial cash invested.
-19.07%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$3,740
Rent
-$2,694
Cashflow
Cash Flow
$3,740 income − $6,434 expenses = $2,694 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$161k
Closing costs
1%
$8,073
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,740
Total Expenses
$6,434
Mortgage P&I
118%
$4,396
Property Taxes
21%
$786
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0