This property looks like a bad Long-Term investment with a projected -22.7% first-year return on $173k initial cash invested.
-22.7%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$2,105
Rent
-$3,277
Cashflow
Cash Flow
$2,105 income − $5,382 expenses = $3,277 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,105
Total Expenses
$5,382
Mortgage P&I
199%
$4,196
Property Taxes
17%
$351
Home Insurance
14%
$289
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0