This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $176k initial cash invested.
-24.14%
Cash On Cash
1.84%
Cap Rate
0.27
DSCR
$2,306
Rent
-$3,544
Cashflow
Cash Flow
$2,306 income − $5,850 expenses = $3,544 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,306
Total Expenses
$5,850
Mortgage P&I
205%
$4,717
Property Taxes
10%
$240
Home Insurance
13%
$294
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0