This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $176k initial cash invested.
-13.31%
Cash On Cash
3.93%
Cap Rate
0.62
DSCR
$5,007
Rent
-$1,947
Cashflow
Cash Flow
$5,007 income − $6,954 expenses = $1,947 out of pocket
Investment Breakdown
|
Purchase Price
$836k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$167k
Closing costs
1%
$8,360
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,007
Total Expenses
$6,954
Mortgage P&I
89%
$4,434
Property Taxes
16%
$792
Home Insurance
6%
$310
HOA
2%
$117
Property Management
10%
$501
CapEx
5%
$250
Vacancy
6%
$300
Maintenance
5%
$250
Other
0%
$0