This property looks like a bad Long-Term investment with a projected -20.21% first-year return on $173k initial cash invested.
-20.21%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$3,753
Rent
-$2,922
Cashflow
Cash Flow
$3,753 income − $6,675 expenses = $2,922 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,261
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,753
Total Expenses
$6,675
Mortgage P&I
120%
$4,487
Property Taxes
23%
$864
Home Insurance
8%
$298
HOA
1%
$50
Property Management
10%
$375
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0