This property looks like a bad Long-Term investment with a projected -18.49% first-year return on $178k initial cash invested.
-18.49%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$3,597
Rent
-$2,750
Cashflow
Cash Flow
$3,597 income − $6,347 expenses = $2,750 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,597
Total Expenses
$6,347
Mortgage P&I
129%
$4,627
Property Taxes
14%
$486
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0