This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $173k initial cash invested.
-16.7%
Cash On Cash
2.95%
Cap Rate
0.48
DSCR
$3,937
Rent
-$2,412
Cashflow
Cash Flow
$3,937 income − $6,349 expenses = $2,412 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,255
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,937
Total Expenses
$6,349
Mortgage P&I
108%
$4,246
Property Taxes
21%
$834
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0