This property looks like a bad Long-Term investment with a projected -18.87% first-year return on $173k initial cash invested.
-18.87%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$3,195
Rent
-$2,724
Cashflow
Cash Flow
$3,195 income − $5,919 expenses = $2,724 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,195
Total Expenses
$5,919
Mortgage P&I
143%
$4,558
Property Taxes
8%
$240
Home Insurance
9%
$289
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0