This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $176k initial cash invested.
-19.45%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$3,747
Rent
-$2,851
Cashflow
Cash Flow
$3,747 income − $6,598 expenses = $2,851 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,747
Total Expenses
$6,598
Mortgage P&I
121%
$4,538
Property Taxes
21%
$788
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0