This property looks like a bad Long-Term investment with a projected -19.7% first-year return on $179k initial cash invested.
-19.7%
Cash On Cash
2.18%
Cap Rate
0.36
DSCR
$2,925
Rent
-$2,930
Cashflow
Cash Flow
$2,925 income − $5,855 expenses = $2,930 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,925
Total Expenses
$5,855
Mortgage P&I
148%
$4,327
Property Taxes
16%
$470
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0