This property looks like a bad Long-Term investment with a projected -17.4% first-year return on $178k initial cash invested.
-17.4%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$5,181
Rent
-$2,575
Cashflow
Cash Flow
$5,181 income − $7,756 expenses = $2,575 out of pocket
Investment Breakdown
|
Purchase Price
$846k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$169k
Closing costs
1%
$8,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,181
Total Expenses
$7,756
Mortgage P&I
88%
$4,584
Property Taxes
13%
$654
Home Insurance
6%
$312
HOA
17%
$859
Property Management
10%
$518
CapEx
5%
$259
Vacancy
6%
$311
Maintenance
5%
$259
Other
0%
$0