This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $173k initial cash invested.
-21.74%
Cash On Cash
2.02%
Cap Rate
0.32
DSCR
$3,480
Rent
-$3,139
Cashflow
Cash Flow
$3,480 income − $6,619 expenses = $3,139 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
$3,480
Total Expenses
$6,619
Mortgage P&I
125%
$4,356
Property Taxes
31%
$1,069
Home Insurance
8%
$289
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0