This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $175k initial cash invested.
-22.87%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$2,810
Rent
-$3,345
Cashflow
Cash Flow
$2,810 income − $6,155 expenses = $3,345 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,356
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,810
Total Expenses
$6,155
Mortgage P&I
163%
$4,592
Property Taxes
19%
$536
Home Insurance
11%
$297
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$169
Maintenance
5%
$140
Other
0%
$0