This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $173k initial cash invested.
-18.19%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$4,036
Rent
-$2,617
Cashflow
Cash Flow
$4,036 income − $6,653 expenses = $2,617 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$164k
Closing costs
1%
$8,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,036
Total Expenses
$6,653
Mortgage P&I
109%
$4,402
Property Taxes
20%
$787
Home Insurance
7%
$280
HOA
3%
$134
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0