This property looks like a bad Long-Term investment with a projected -20.21% first-year return on $173k initial cash invested.
-20.21%
Cash On Cash
2.61%
Cap Rate
0.39
DSCR
$2,925
Rent
-$2,918
Cashflow
Cash Flow
$2,925 income − $5,843 expenses = $2,918 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,925
Total Expenses
$5,843
Mortgage P&I
156%
$4,569
Property Taxes
8%
$225
Home Insurance
10%
$289
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0