This property looks like a bad Long-Term investment with a projected -16.22% first-year return on $173k initial cash invested.
-16.22%
Cash On Cash
3.54%
Cap Rate
0.53
DSCR
$4,514
Rent
-$2,342
Cashflow
Cash Flow
$4,514 income − $6,856 expenses = $2,342 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,514
Total Expenses
$6,856
Mortgage P&I
101%
$4,550
Property Taxes
19%
$845
Home Insurance
6%
$287
HOA
0%
$0
Property Management
10%
$451
CapEx
5%
$226
Vacancy
6%
$271
Maintenance
5%
$226
Other
0%
$0