This property looks like a bad Long-Term investment with a projected -21.28% first-year return on $172k initial cash invested.
-21.28%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$2,569
Rent
-$3,057
Cashflow
Cash Flow
$2,569 income − $5,626 expenses = $3,057 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
$2,569
Total Expenses
$5,626
Mortgage P&I
175%
$4,501
Property Taxes
6%
$160
Home Insurance
12%
$298
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0