This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $174k initial cash invested.
-16.8%
Cash On Cash
3.11%
Cap Rate
0.49
DSCR
$3,572
Rent
-$2,432
Cashflow
Cash Flow
$3,572 income − $6,004 expenses = $2,432 out of pocket
Investment Breakdown
|
Purchase Price
$827k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$165k
Closing costs
1%
$8,274
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,572
Total Expenses
$6,004
Mortgage P&I
123%
$4,396
Property Taxes
10%
$352
Home Insurance
8%
$294
HOA
1%
$33
Property Management
10%
$357
CapEx
5%
$179
Vacancy
6%
$214
Maintenance
5%
$179
Other
0%
$0