This property looks like a bad Long-Term investment with a projected -22.95% first-year return on $174k initial cash invested.
-22.95%
Cash On Cash
1.76%
Cap Rate
0.28
DSCR
$3,018
Rent
-$3,333
Cashflow
Cash Flow
$3,018 income − $6,351 expenses = $3,333 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,018
Total Expenses
$6,351
Mortgage P&I
146%
$4,398
Property Taxes
29%
$870
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0