This property looks like a bad Long-Term investment with a projected -20.74% first-year return on $177k initial cash invested.
-20.74%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$3,523
Rent
-$3,057
Cashflow
Cash Flow
$3,523 income − $6,580 expenses = $3,057 out of pocket
Investment Breakdown
|
Purchase Price
$842k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$168k
Closing costs
1%
$8,424
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,523
Total Expenses
$6,580
Mortgage P&I
130%
$4,587
Property Taxes
23%
$802
Home Insurance
8%
$276
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0