This property looks like a bad Long-Term investment with a projected -21.36% first-year return on $173k initial cash invested.
-21.36%
Cash On Cash
2.52%
Cap Rate
0.37
DSCR
$3,493
Rent
-$3,072
Cashflow
Cash Flow
$3,493 income − $6,565 expenses = $3,072 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$164k
Closing costs
1%
$8,220
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,493
Total Expenses
$6,565
Mortgage P&I
132%
$4,626
Property Taxes
21%
$732
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0