This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $179k initial cash invested.
-20.27%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$3,782
Rent
-$3,015
Cashflow
Cash Flow
$3,782 income − $6,797 expenses = $3,015 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,782
Total Expenses
$6,797
Mortgage P&I
123%
$4,639
Property Taxes
23%
$877
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0