This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $178k initial cash invested.
-20.05%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$3,693
Rent
-$2,976
Cashflow
Cash Flow
$3,693 income − $6,669 expenses = $2,976 out of pocket
Investment Breakdown
|
Purchase Price
$848k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,693
Total Expenses
$6,669
Mortgage P&I
124%
$4,597
Property Taxes
22%
$810
Home Insurance
8%
$301
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0