This property looks like a bad Long-Term investment with a projected -20.38% first-year return on $174k initial cash invested.
-20.38%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$3,525
Rent
-$2,964
Cashflow
Cash Flow
$3,525 income − $6,489 expenses = $2,964 out of pocket
Investment Breakdown
|
Purchase Price
$831k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,309
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,525
Total Expenses
$6,489
Mortgage P&I
126%
$4,450
Property Taxes
23%
$817
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0