This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $173k initial cash invested.
-17.43%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$4,206
Rent
-$2,506
Cashflow
Cash Flow
$4,206 income − $6,712 expenses = $2,506 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$164k
Closing costs
1%
$8,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,206
Total Expenses
$6,712
Mortgage P&I
104%
$4,361
Property Taxes
23%
$969
Home Insurance
7%
$289
HOA
0%
$0
Property Management
10%
$421
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0