This property looks like a bad Long-Term investment with a projected -20.85% first-year return on $173k initial cash invested.
-20.85%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$2,609
Rent
-$3,010
Cashflow
Cash Flow
$2,609 income − $5,619 expenses = $3,010 out of pocket
Investment Breakdown
|
Purchase Price
$825k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$165k
Closing costs
1%
$8,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$5,619
Mortgage P&I
173%
$4,502
Property Taxes
6%
$150
Home Insurance
11%
$289
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0