This property looks like a bad Long-Term investment with a projected -18.88% first-year return on $176k initial cash invested.
-18.88%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$4,570
Rent
-$2,775
Cashflow
Cash Flow
$4,570 income − $7,345 expenses = $2,775 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,570
Total Expenses
$7,345
Mortgage P&I
100%
$4,569
Property Taxes
28%
$1,295
Home Insurance
6%
$294
HOA
0%
$0
Property Management
10%
$457
CapEx
5%
$228
Vacancy
6%
$274
Maintenance
5%
$228
Other
0%
$0