This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $175k initial cash invested.
-19.24%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$3,018
Rent
-$2,811
Cashflow
Cash Flow
$3,018 income − $5,829 expenses = $2,811 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,348
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,018
Total Expenses
$5,829
Mortgage P&I
141%
$4,248
Property Taxes
17%
$500
Home Insurance
10%
$296
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0