This property looks like a bad Long-Term investment with a projected -19.63% first-year return on $175k initial cash invested.
-19.63%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$3,271
Rent
-$2,857
Cashflow
Cash Flow
$3,271 income − $6,128 expenses = $2,857 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$166k
Closing costs
1%
$8,316
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,271
Total Expenses
$6,128
Mortgage P&I
131%
$4,273
Property Taxes
22%
$706
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0