This property looks like a bad Long-Term investment with a projected -16.72% first-year return on $174k initial cash invested.
-16.72%
Cash On Cash
3.2%
Cap Rate
0.5
DSCR
$3,919
Rent
-$2,425
Cashflow
Cash Flow
$3,919 income − $6,344 expenses = $2,425 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,919
Total Expenses
$6,344
Mortgage P&I
113%
$4,441
Property Taxes
15%
$594
Home Insurance
7%
$290
HOA
0%
$0
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0