This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $175k initial cash invested.
-18.04%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$3,708
Rent
-$2,631
Cashflow
Cash Flow
$3,708 income − $6,339 expenses = $2,631 out of pocket
Investment Breakdown
|
Purchase Price
$834k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,336
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,708
Total Expenses
$6,339
Mortgage P&I
121%
$4,492
Property Taxes
16%
$594
Home Insurance
8%
$290
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0