This property looks like a bad Long-Term investment with a projected -17.93% first-year return on $173k initial cash invested.
-17.93%
Cash On Cash
2.57%
Cap Rate
0.42
DSCR
$3,596
Rent
-$2,592
Cashflow
Cash Flow
$3,596 income − $6,188 expenses = $2,592 out of pocket
Investment Breakdown
|
Purchase Price
$826k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,259
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,596
Total Expenses
$6,188
Mortgage P&I
116%
$4,178
Property Taxes
22%
$776
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0