This property looks like a bad Long-Term investment with a projected -21.6% first-year return on $175k initial cash invested.
-21.6%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$3,371
Rent
-$3,152
Cashflow
Cash Flow
$3,371 income − $6,523 expenses = $3,152 out of pocket
Investment Breakdown
|
Purchase Price
$834k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,337
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,371
Total Expenses
$6,523
Mortgage P&I
136%
$4,591
Property Taxes
21%
$719
Home Insurance
10%
$336
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0