This property looks like a bad Long-Term investment with a projected -20.13% first-year return on $179k initial cash invested.
-20.13%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$3,751
Rent
-$3,005
Cashflow
Cash Flow
$3,751 income − $6,756 expenses = $3,005 out of pocket
Investment Breakdown
|
Purchase Price
$853k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$171k
Closing costs
1%
$8,530
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,751
Total Expenses
$6,756
Mortgage P&I
124%
$4,645
Property Taxes
22%
$835
Home Insurance
8%
$300
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0