This property looks like a bad Long-Term investment with a projected -18.59% first-year return on $176k initial cash invested.
-18.59%
Cash On Cash
2.99%
Cap Rate
0.45
DSCR
$4,067
Rent
-$2,733
Cashflow
Cash Flow
$4,067 income − $6,800 expenses = $2,733 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,067
Total Expenses
$6,800
Mortgage P&I
114%
$4,623
Property Taxes
20%
$826
Home Insurance
7%
$294
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0