This property looks like a bad Long-Term investment with a projected -20.25% first-year return on $173k initial cash invested.
-20.25%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$3,605
Rent
-$2,925
Cashflow
Cash Flow
$3,605 income − $6,530 expenses = $2,925 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,255
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,605
Total Expenses
$6,530
Mortgage P&I
123%
$4,439
Property Taxes
21%
$754
Home Insurance
8%
$296
HOA
3%
$105
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0