This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $176k initial cash invested.
-12.13%
Cash On Cash
4.12%
Cap Rate
0.65
DSCR
$4,401
Rent
-$1,776
Cashflow
Cash Flow
$4,401 income − $6,177 expenses = $1,776 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$167k
Closing costs
1%
$8,367
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,401
Total Expenses
$6,177
Mortgage P&I
101%
$4,430
Property Taxes
7%
$295
Home Insurance
7%
$308
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0