This property looks like a bad Long-Term investment with a projected -20.44% first-year return on $174k initial cash invested.
-20.44%
Cash On Cash
1.98%
Cap Rate
0.32
DSCR
$2,307
Rent
-$2,962
Cashflow
Cash Flow
$2,307 income − $5,269 expenses = $2,962 out of pocket
Investment Breakdown
|
Purchase Price
$828k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$166k
Closing costs
1%
$8,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,307
Total Expenses
$5,269
Mortgage P&I
183%
$4,211
Property Taxes
7%
$155
Home Insurance
13%
$304
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0