This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $176k initial cash invested.
-14.11%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$4,137
Rent
-$2,068
Cashflow
Cash Flow
$4,137 income − $6,205 expenses = $2,068 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,375
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,137
Total Expenses
$6,205
Mortgage P&I
104%
$4,303
Property Taxes
13%
$529
Home Insurance
7%
$297
HOA
0%
$0
Property Management
10%
$414
CapEx
5%
$207
Vacancy
6%
$248
Maintenance
5%
$207
Other
0%
$0