This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $178k initial cash invested.
-12.75%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$4,927
Rent
-$1,889
Cashflow
Cash Flow
$4,927 income − $6,816 expenses = $1,889 out of pocket
Investment Breakdown
|
Purchase Price
$846k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$169k
Closing costs
1%
$8,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,927
Total Expenses
$6,816
Mortgage P&I
91%
$4,459
Property Taxes
15%
$735
Home Insurance
7%
$341
HOA
0%
$0
Property Management
10%
$493
CapEx
5%
$246
Vacancy
6%
$296
Maintenance
5%
$246
Other
0%
$0