This property looks like a bad Long-Term investment with a projected -22.41% first-year return on $176k initial cash invested.
-22.41%
Cash On Cash
1.57%
Cap Rate
0.26
DSCR
$1,936
Rent
-$3,290
Cashflow
Cash Flow
$1,936 income − $5,226 expenses = $3,290 out of pocket
Investment Breakdown
|
Purchase Price
$839k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,936
Total Expenses
$5,226
Mortgage P&I
222%
$4,290
Property Taxes
6%
$117
Home Insurance
16%
$315
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0