This property looks like a bad Long-Term investment with a projected -19.64% first-year return on $179k initial cash invested.
-19.64%
Cash On Cash
2.22%
Cap Rate
0.37
DSCR
$3,626
Rent
-$2,921
Cashflow
Cash Flow
$3,626 income − $6,547 expenses = $2,921 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,626
Total Expenses
$6,547
Mortgage P&I
119%
$4,315
Property Taxes
27%
$991
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0