This property looks like a bad Long-Term investment with a projected -20.85% first-year return on $178k initial cash invested.
-20.85%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,954
Rent
-$3,095
Cashflow
Cash Flow
$2,954 income − $6,049 expenses = $3,095 out of pocket
Investment Breakdown
|
Purchase Price
$848k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,481
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,954
Total Expenses
$6,049
Mortgage P&I
158%
$4,669
Property Taxes
10%
$302
Home Insurance
10%
$310
HOA
0%
$0
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0