This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $174k initial cash invested.
-16.21%
Cash On Cash
3.08%
Cap Rate
0.5
DSCR
$4,215
Rent
-$2,352
Cashflow
Cash Flow
$4,215 income − $6,567 expenses = $2,352 out of pocket
Investment Breakdown
|
Purchase Price
$829k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,289
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,215
Total Expenses
$6,567
Mortgage P&I
101%
$4,267
Property Taxes
22%
$913
Home Insurance
7%
$290
HOA
0%
$0
Property Management
10%
$422
CapEx
5%
$211
Vacancy
6%
$253
Maintenance
5%
$211
Other
0%
$0