This property looks like a bad Long-Term investment with a projected -20.8% first-year return on $176k initial cash invested.
-20.8%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$3,602
Rent
-$3,059
Cashflow
Cash Flow
$3,602 income − $6,661 expenses = $3,059 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,402
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,602
Total Expenses
$6,661
Mortgage P&I
127%
$4,577
Property Taxes
24%
$854
Home Insurance
8%
$294
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0