This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $176k initial cash invested.
-17.86%
Cash On Cash
3.07%
Cap Rate
0.47
DSCR
$3,785
Rent
-$2,619
Cashflow
Cash Flow
$3,785 income − $6,404 expenses = $2,619 out of pocket
Investment Breakdown
|
Purchase Price
$838k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,785
Total Expenses
$6,404
Mortgage P&I
121%
$4,573
Property Taxes
15%
$551
Home Insurance
8%
$297
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0