This property looks like a bad Long-Term investment with a projected -18.09% first-year return on $174k initial cash invested.
-18.09%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$3,919
Rent
-$2,628
Cashflow
Cash Flow
$3,919 income − $6,547 expenses = $2,628 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,919
Total Expenses
$6,547
Mortgage P&I
108%
$4,214
Property Taxes
27%
$1,048
Home Insurance
7%
$266
HOA
0%
$0
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0