This property looks like a bad Long-Term investment with a projected -22.19% first-year return on $177k initial cash invested.
-22.19%
Cash On Cash
1.6%
Cap Rate
0.26
DSCR
$2,066
Rent
-$3,281
Cashflow
Cash Flow
$2,066 income − $5,347 expenses = $3,281 out of pocket
Investment Breakdown
|
Purchase Price
$845k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$169k
Closing costs
1%
$8,451
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,066
Total Expenses
$5,347
Mortgage P&I
209%
$4,308
Property Taxes
7%
$139
Home Insurance
15%
$313
HOA
2%
$50
Property Management
10%
$207
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0