This property looks like a bad Long-Term investment with a projected -20.65% first-year return on $177k initial cash invested.
-20.65%
Cash On Cash
2.22%
Cap Rate
0.35
DSCR
$2,830
Rent
-$3,046
Cashflow
Cash Flow
$2,830 income − $5,876 expenses = $3,046 out of pocket
Investment Breakdown
|
Purchase Price
$843k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$169k
Closing costs
1%
$8,427
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$5,876
Mortgage P&I
158%
$4,461
Property Taxes
13%
$365
Home Insurance
11%
$313
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0