This property looks like a bad Long-Term investment with a projected -16.17% first-year return on $173k initial cash invested.
-16.17%
Cash On Cash
3.15%
Cap Rate
0.5
DSCR
$4,062
Rent
-$2,326
Cashflow
Cash Flow
$4,062 income − $6,388 expenses = $2,326 out of pocket
Investment Breakdown
|
Purchase Price
$822k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$164k
Closing costs
1%
$8,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,062
Total Expenses
$6,388
Mortgage P&I
105%
$4,280
Property Taxes
20%
$816
Home Insurance
6%
$236
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0