This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $176k initial cash invested.
-20.05%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$3,526
Rent
-$2,940
Cashflow
Cash Flow
$3,526 income − $6,466 expenses = $2,940 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,526
Total Expenses
$6,466
Mortgage P&I
130%
$4,600
Property Taxes
19%
$660
Home Insurance
8%
$289
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0