This property looks like a bad Long-Term investment with a projected -15.26% first-year return on $174k initial cash invested.
-15.26%
Cash On Cash
3.3%
Cap Rate
0.53
DSCR
$4,331
Rent
-$2,214
Cashflow
Cash Flow
$4,331 income − $6,545 expenses = $2,214 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,331
Total Expenses
$6,545
Mortgage P&I
99%
$4,277
Property Taxes
20%
$852
Home Insurance
7%
$289
HOA
0%
$0
Property Management
10%
$433
CapEx
5%
$217
Vacancy
6%
$260
Maintenance
5%
$217
Other
0%
$0