This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $173k initial cash invested.
-19.41%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$2,864
Rent
-$2,803
Cashflow
Cash Flow
$2,864 income − $5,667 expenses = $2,803 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,864
Total Expenses
$5,667
Mortgage P&I
156%
$4,479
Property Taxes
5%
$155
Home Insurance
10%
$289
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0