This property looks like a bad Long-Term investment with a projected -21.11% first-year return on $176k initial cash invested.
-21.11%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$2,832
Rent
-$3,094
Cashflow
Cash Flow
$2,832 income − $5,926 expenses = $3,094 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,832
Total Expenses
$5,926
Mortgage P&I
163%
$4,605
Property Taxes
8%
$238
Home Insurance
11%
$308
HOA
1%
$38
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0