This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $177k initial cash invested.
-14.09%
Cash On Cash
3.96%
Cap Rate
0.6
DSCR
$4,594
Rent
-$2,076
Cashflow
Cash Flow
$4,594 income − $6,670 expenses = $2,076 out of pocket
Investment Breakdown
|
Purchase Price
$842k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$168k
Closing costs
1%
$8,421
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,594
Total Expenses
$6,670
Mortgage P&I
101%
$4,628
Property Taxes
13%
$588
Home Insurance
6%
$259
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$230
Vacancy
6%
$276
Maintenance
5%
$230
Other
0%
$0