This property looks like a bad Long-Term investment with a projected -19.75% first-year return on $177k initial cash invested.
-19.75%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$4,397
Rent
-$2,917
Cashflow
Cash Flow
$4,397 income − $7,314 expenses = $2,917 out of pocket
Investment Breakdown
|
Purchase Price
$844k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$169k
Closing costs
1%
$8,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,397
Total Expenses
$7,314
Mortgage P&I
104%
$4,580
Property Taxes
28%
$1,247
Home Insurance
7%
$298
HOA
1%
$45
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0