This property looks like a bad Long-Term investment with a projected -27.6% first-year return on $173k initial cash invested.
-27.6%
Cash On Cash
0.67%
Cap Rate
0.11
DSCR
$2,239
Rent
-$3,985
Cashflow
Cash Flow
$2,239 income − $6,224 expenses = $3,985 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,239
Total Expenses
$6,224
Mortgage P&I
193%
$4,331
Property Taxes
46%
$1,022
Home Insurance
13%
$289
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0