This property looks like a bad Long-Term investment with a projected -14.73% first-year return on $176k initial cash invested.
-14.73%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$4,083
Rent
-$2,165
Cashflow
Cash Flow
$4,083 income − $6,248 expenses = $2,165 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,083
Total Expenses
$6,248
Mortgage P&I
104%
$4,252
Property Taxes
15%
$608
Home Insurance
7%
$294
HOA
1%
$33
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0