This property looks like a bad Long-Term investment with a projected -22.42% first-year return on $173k initial cash invested.
-22.42%
Cash On Cash
1.78%
Cap Rate
0.28
DSCR
$2,290
Rent
-$3,237
Cashflow
Cash Flow
$2,290 income − $5,527 expenses = $3,237 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,290
Total Expenses
$5,527
Mortgage P&I
190%
$4,349
Property Taxes
13%
$295
Home Insurance
13%
$289
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0