This property looks like a bad Long-Term investment with a projected -14.79% first-year return on $172k initial cash invested.
-14.79%
Cash On Cash
3.61%
Cap Rate
0.57
DSCR
$5,425
Rent
-$2,118
Cashflow
Cash Flow
$5,425 income − $7,543 expenses = $2,118 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,425
Total Expenses
$7,543
Mortgage P&I
79%
$4,312
Property Taxes
10%
$568
Home Insurance
6%
$329
HOA
17%
$924
Property Management
10%
$542
CapEx
5%
$271
Vacancy
6%
$326
Maintenance
5%
$271
Other
0%
$0