This property looks like a bad Long-Term investment with a projected -16.57% first-year return on $176k initial cash invested.
-16.57%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$4,495
Rent
-$2,436
Cashflow
Cash Flow
$4,495 income − $6,931 expenses = $2,436 out of pocket
Investment Breakdown
|
Purchase Price
$840k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$168k
Closing costs
1%
$8,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,495
Total Expenses
$6,931
Mortgage P&I
99%
$4,466
Property Taxes
22%
$1,006
Home Insurance
6%
$289
HOA
0%
$0
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0