This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $178k initial cash invested.
-17.43%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$3,404
Rent
-$2,582
Cashflow
Cash Flow
$3,404 income − $5,986 expenses = $2,582 out of pocket
Investment Breakdown
|
Purchase Price
$847k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$169k
Closing costs
1%
$8,466
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,404
Total Expenses
$5,986
Mortgage P&I
135%
$4,591
Property Taxes
6%
$198
Home Insurance
9%
$313
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0