This property looks like a bad Long-Term investment with a projected -23.74% first-year return on $176k initial cash invested.
-23.74%
Cash On Cash
1.68%
Cap Rate
0.26
DSCR
$2,904
Rent
-$3,485
Cashflow
Cash Flow
$2,904 income − $6,389 expenses = $3,485 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,904
Total Expenses
$6,389
Mortgage P&I
156%
$4,516
Property Taxes
28%
$825
Home Insurance
10%
$294
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0