This property looks like a bad Long-Term investment with a projected -20.87% first-year return on $176k initial cash invested.
-20.87%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$3,910
Rent
-$3,057
Cashflow
Cash Flow
$3,910 income − $6,967 expenses = $3,057 out of pocket
Investment Breakdown
|
Purchase Price
$837k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$167k
Closing costs
1%
$8,371
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,910
Total Expenses
$6,967
Mortgage P&I
114%
$4,462
Property Taxes
30%
$1,189
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$391
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0