This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $176k initial cash invested.
-18.41%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$3,935
Rent
-$2,707
Cashflow
Cash Flow
$3,935 income − $6,642 expenses = $2,707 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,935
Total Expenses
$6,642
Mortgage P&I
114%
$4,498
Property Taxes
21%
$826
Home Insurance
7%
$294
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0