This property looks like a bad Long-Term investment with a projected -17.77% first-year return on $174k initial cash invested.
-17.77%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$3,312
Rent
-$2,574
Cashflow
Cash Flow
$3,312 income − $5,886 expenses = $2,574 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,278
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,312
Total Expenses
$5,886
Mortgage P&I
134%
$4,444
Property Taxes
9%
$282
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0