This property looks like a bad Long-Term investment with a projected -15.85% first-year return on $175k initial cash invested.
-15.85%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$4,333
Rent
-$2,316
Cashflow
Cash Flow
$4,333 income − $6,649 expenses = $2,316 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,333
Total Expenses
$6,649
Mortgage P&I
103%
$4,455
Property Taxes
18%
$775
Home Insurance
7%
$292
HOA
0%
$0
Property Management
10%
$433
CapEx
5%
$217
Vacancy
6%
$260
Maintenance
5%
$217
Other
0%
$0