This property looks like a bad Long-Term investment with a projected -21.48% first-year return on $179k initial cash invested.
-21.48%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$3,119
Rent
-$3,195
Cashflow
Cash Flow
$3,119 income − $6,314 expenses = $3,195 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
$3,119
Total Expenses
$6,314
Mortgage P&I
149%
$4,658
Property Taxes
18%
$547
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0