This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $173k initial cash invested.
-15.65%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$3,119
Rent
-$2,259
Cashflow
Cash Flow
$3,119 income − $5,378 expenses = $2,259 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,119
Total Expenses
$5,378
Mortgage P&I
134%
$4,185
Property Taxes
3%
$93
Home Insurance
9%
$289
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0