This property looks like a bad Long-Term investment with a projected -24.54% first-year return on $175k initial cash invested.
-24.54%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$2,932
Rent
-$3,586
Cashflow
Cash Flow
$2,932 income − $6,518 expenses = $3,586 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,932
Total Expenses
$6,518
Mortgage P&I
151%
$4,416
Property Taxes
36%
$1,041
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0