This property looks like a bad Long-Term investment with a projected -19.71% first-year return on $174k initial cash invested.
-19.71%
Cash On Cash
2.59%
Cap Rate
0.4
DSCR
$3,137
Rent
-$2,860
Cashflow
Cash Flow
$3,137 income − $5,997 expenses = $2,860 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,292
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,137
Total Expenses
$5,997
Mortgage P&I
143%
$4,491
Property Taxes
13%
$396
Home Insurance
9%
$294
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0