This property looks like a bad Long-Term investment with a projected -20.7% first-year return on $178k initial cash invested.
-20.7%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$3,531
Rent
-$3,075
Cashflow
Cash Flow
$3,531 income − $6,606 expenses = $3,075 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,531
Total Expenses
$6,606
Mortgage P&I
128%
$4,527
Property Taxes
23%
$821
Home Insurance
8%
$297
HOA
1%
$42
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0