This property looks like a bad Long-Term investment with a projected -5.88% first-year return on $173k initial cash invested.
-5.88%
Cash On Cash
5.85%
Cap Rate
0.89
DSCR
$7,326
Rent
-$849
Cashflow
Cash Flow
$7,326 income − $8,175 expenses = $849 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,254
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,326
Total Expenses
$8,175
Mortgage P&I
61%
$4,505
Property Taxes
11%
$791
Home Insurance
4%
$302
HOA
9%
$672
Property Management
10%
$733
CapEx
5%
$366
Vacancy
6%
$440
Maintenance
5%
$366
Other
0%
$0