This property looks like a bad Long-Term investment with a projected -15.16% first-year return on $176k initial cash invested.
-15.16%
Cash On Cash
3.14%
Cap Rate
0.52
DSCR
$3,637
Rent
-$2,226
Cashflow
Cash Flow
$3,637 income − $5,863 expenses = $2,226 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,637
Total Expenses
$5,863
Mortgage P&I
117%
$4,238
Property Taxes
11%
$385
Home Insurance
8%
$294
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0