This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $173k initial cash invested.
-16.62%
Cash On Cash
3.51%
Cap Rate
0.53
DSCR
$5,031
Rent
-$2,401
Cashflow
Cash Flow
$5,031 income − $7,432 expenses = $2,401 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,253
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,031
Total Expenses
$7,432
Mortgage P&I
91%
$4,565
Property Taxes
26%
$1,288
Home Insurance
5%
$270
HOA
0%
$0
Property Management
10%
$503
CapEx
5%
$252
Vacancy
6%
$302
Maintenance
5%
$252
Other
0%
$0