This property looks like a bad Long-Term investment with a projected -21.68% first-year return on $175k initial cash invested.
-21.68%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$2,853
Rent
-$3,168
Cashflow
Cash Flow
$2,853 income − $6,021 expenses = $3,168 out of pocket
Investment Breakdown
|
Purchase Price
$835k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$167k
Closing costs
1%
$8,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,853
Total Expenses
$6,021
Mortgage P&I
160%
$4,551
Property Taxes
15%
$436
Home Insurance
10%
$292
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0