This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $173k initial cash invested.
-17.7%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$3,423
Rent
-$2,556
Cashflow
Cash Flow
$3,423 income − $5,979 expenses = $2,556 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,423
Total Expenses
$5,979
Mortgage P&I
125%
$4,288
Property Taxes
15%
$513
Home Insurance
8%
$289
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0