This property looks like a bad Long-Term investment with a projected -23.64% first-year return on $179k initial cash invested.
-23.64%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$2,101
Rent
-$3,530
Cashflow
Cash Flow
$2,101 income − $5,631 expenses = $3,530 out of pocket
Investment Breakdown
|
Purchase Price
$853k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$171k
Closing costs
1%
$8,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,101
Total Expenses
$5,631
Mortgage P&I
216%
$4,534
Property Taxes
9%
$186
Home Insurance
15%
$315
HOA
2%
$50
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0