This property looks like a bad Long-Term investment with a projected -13.39% first-year return on $177k initial cash invested.
-13.39%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$4,658
Rent
-$1,970
Cashflow
Cash Flow
$4,658 income − $6,628 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$841k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$168k
Closing costs
1%
$8,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,658
Total Expenses
$6,628
Mortgage P&I
94%
$4,396
Property Taxes
16%
$723
Home Insurance
6%
$298
HOA
0%
$0
Property Management
10%
$466
CapEx
5%
$233
Vacancy
6%
$279
Maintenance
5%
$233
Other
0%
$0