This property looks like a bad Long-Term investment with a projected -24.89% first-year return on $174k initial cash invested.
-24.89%
Cash On Cash
1.13%
Cap Rate
0.18
DSCR
$2,564
Rent
-$3,615
Cashflow
Cash Flow
$2,564 income − $6,179 expenses = $3,615 out of pocket
Investment Breakdown
|
Purchase Price
$830k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,564
Total Expenses
$6,179
Mortgage P&I
167%
$4,270
Property Taxes
35%
$899
Home Insurance
11%
$290
HOA
2%
$54
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0