This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $172k initial cash invested.
-19.5%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$3,852
Rent
-$2,801
Cashflow
Cash Flow
$3,852 income − $6,653 expenses = $2,801 out of pocket
Investment Breakdown
|
Purchase Price
$821k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,852
Total Expenses
$6,653
Mortgage P&I
117%
$4,519
Property Taxes
22%
$835
Home Insurance
8%
$297
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0