This property looks like a bad Long-Term investment with a projected -21.12% first-year return on $175k initial cash invested.
-21.12%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$3,499
Rent
-$3,071
Cashflow
Cash Flow
$3,499 income − $6,570 expenses = $3,071 out of pocket
Investment Breakdown
|
Purchase Price
$831k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$166k
Closing costs
1%
$8,310
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,499
Total Expenses
$6,570
Mortgage P&I
130%
$4,565
Property Taxes
19%
$676
Home Insurance
9%
$299
HOA
3%
$120
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0