This property looks like a bad Long-Term investment with a projected -23.31% first-year return on $175k initial cash invested.
-23.31%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$2,510
Rent
-$3,399
Cashflow
Cash Flow
$2,510 income − $5,909 expenses = $3,399 out of pocket
Investment Breakdown
|
Purchase Price
$833k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,334
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,510
Total Expenses
$5,909
Mortgage P&I
178%
$4,479
Property Taxes
19%
$468
Home Insurance
12%
$308
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0