This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $174k initial cash invested.
-12.39%
Cash On Cash
3.85%
Cap Rate
0.62
DSCR
$4,064
Rent
-$1,798
Cashflow
Cash Flow
$4,064 income − $5,862 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,293
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,064
Total Expenses
$5,862
Mortgage P&I
105%
$4,253
Property Taxes
3%
$142
Home Insurance
8%
$306
HOA
3%
$105
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0