This property looks like a bad Long-Term investment with a projected -20.6% first-year return on $173k initial cash invested.
-20.6%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,825
Rent
-$2,966
Cashflow
Cash Flow
$2,825 income − $5,791 expenses = $2,966 out of pocket
Investment Breakdown
|
Purchase Price
$823k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,226
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,825
Total Expenses
$5,791
Mortgage P&I
159%
$4,496
Property Taxes
9%
$264
Home Insurance
11%
$297
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0