This property looks like a bad Long-Term investment with a projected -22.6% first-year return on $176k initial cash invested.
-22.6%
Cash On Cash
2.15%
Cap Rate
0.32
DSCR
$3,701
Rent
-$3,317
Cashflow
Cash Flow
$3,701 income − $7,018 expenses = $3,317 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,386
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,701
Total Expenses
$7,018
Mortgage P&I
125%
$4,637
Property Taxes
30%
$1,125
Home Insurance
8%
$294
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0