This property looks like a bad Long-Term investment with a projected -26.62% first-year return on $171k initial cash invested.
-26.62%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$2,504
Rent
-$3,788
Cashflow
Cash Flow
$2,504 income − $6,292 expenses = $3,788 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,131
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,504
Total Expenses
$6,292
Mortgage P&I
181%
$4,521
Property Taxes
21%
$535
Home Insurance
12%
$295
HOA
12%
$291
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0