This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $174k initial cash invested.
-16.63%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$3,616
Rent
-$2,409
Cashflow
Cash Flow
$3,616 income − $6,025 expenses = $2,409 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,276
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,616
Total Expenses
$6,025
Mortgage P&I
118%
$4,253
Property Taxes
15%
$533
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0