This property looks like a bad Long-Term investment with a projected -14% first-year return on $173k initial cash invested.
-14%
Cash On Cash
3.74%
Cap Rate
0.59
DSCR
$4,890
Rent
-$2,021
Cashflow
Cash Flow
$4,890 income − $6,911 expenses = $2,021 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,248
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,890
Total Expenses
$6,911
Mortgage P&I
89%
$4,351
Property Taxes
22%
$1,080
Home Insurance
4%
$210
HOA
0%
$0
Property Management
10%
$489
CapEx
5%
$244
Vacancy
6%
$293
Maintenance
5%
$244
Other
0%
$0