This property looks like a bad Long-Term investment with a projected -11.97% first-year return on $178k initial cash invested.
-11.97%
Cash On Cash
3.99%
Cap Rate
0.64
DSCR
$4,482
Rent
-$1,779
Cashflow
Cash Flow
$4,482 income − $6,261 expenses = $1,779 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,482
Total Expenses
$6,261
Mortgage P&I
98%
$4,380
Property Taxes
9%
$419
Home Insurance
7%
$297
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0