This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $172k initial cash invested.
-21.85%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$2,262
Rent
-$3,124
Cashflow
Cash Flow
$2,262 income − $5,386 expenses = $3,124 out of pocket
Investment Breakdown
|
Purchase Price
$817k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$163k
Closing costs
1%
$8,169
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,262
Total Expenses
$5,386
Mortgage P&I
181%
$4,085
Property Taxes
15%
$345
Home Insurance
16%
$368
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0