This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $175k initial cash invested.
-18.35%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$3,893
Rent
-$2,672
Cashflow
Cash Flow
$3,893 income − $6,565 expenses = $2,672 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$166k
Closing costs
1%
$8,322
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,893
Total Expenses
$6,565
Mortgage P&I
115%
$4,485
Property Taxes
20%
$766
Home Insurance
8%
$301
HOA
0%
$0
Property Management
10%
$389
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0