This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $176k initial cash invested.
-18.96%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$4,081
Rent
-$2,778
Cashflow
Cash Flow
$4,081 income − $6,859 expenses = $2,778 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$167k
Closing costs
1%
$8,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,081
Total Expenses
$6,859
Mortgage P&I
111%
$4,511
Property Taxes
20%
$826
Home Insurance
7%
$294
HOA
4%
$167
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0