This property looks like a bad Long-Term investment with a projected -20.37% first-year return on $176k initial cash invested.
-20.37%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$3,557
Rent
-$2,982
Cashflow
Cash Flow
$3,557 income − $6,539 expenses = $2,982 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$167k
Closing costs
1%
$8,365
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,557
Total Expenses
$6,539
Mortgage P&I
127%
$4,504
Property Taxes
23%
$807
Home Insurance
9%
$303
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0