This property looks like a bad Long-Term investment with a projected -20.25% first-year return on $176k initial cash invested.
-20.25%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$3,204
Rent
-$2,973
Cashflow
Cash Flow
$3,204 income − $6,177 expenses = $2,973 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,204
Total Expenses
$6,177
Mortgage P&I
141%
$4,521
Property Taxes
17%
$530
Home Insurance
9%
$294
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0