This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $174k initial cash invested.
-21.85%
Cash On Cash
1.79%
Cap Rate
0.29
DSCR
$2,977
Rent
-$3,174
Cashflow
Cash Flow
$2,977 income − $6,151 expenses = $3,174 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,977
Total Expenses
$6,151
Mortgage P&I
143%
$4,264
Property Taxes
28%
$822
Home Insurance
10%
$290
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0