This property looks like a bad Long-Term investment with a projected -16.34% first-year return on $173k initial cash invested.
-16.34%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$4,357
Rent
-$2,350
Cashflow
Cash Flow
$4,357 income − $6,707 expenses = $2,350 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$164k
Closing costs
1%
$8,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,357
Total Expenses
$6,707
Mortgage P&I
103%
$4,470
Property Taxes
19%
$807
Home Insurance
7%
$297
HOA
0%
$0
Property Management
10%
$436
CapEx
5%
$218
Vacancy
6%
$261
Maintenance
5%
$218
Other
0%
$0