This property looks like a bad Long-Term investment with a projected -19.88% first-year return on $174k initial cash invested.
-19.88%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$2,860
Rent
-$2,882
Cashflow
Cash Flow
$2,860 income − $5,742 expenses = $2,882 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,860
Total Expenses
$5,742
Mortgage P&I
150%
$4,283
Property Taxes
15%
$417
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0