This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $175k initial cash invested.
-17.3%
Cash On Cash
2.64%
Cap Rate
0.44
DSCR
$3,369
Rent
-$2,519
Cashflow
Cash Flow
$3,369 income − $5,888 expenses = $2,519 out of pocket
Investment Breakdown
|
Purchase Price
$832k
Downpayment
20.0%
Interest Rate
6.4%
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
$3,369
Total Expenses
$5,888
Mortgage P&I
124%
$4,182
Property Taxes
16%
$534
Home Insurance
9%
$297
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0