This property looks like a bad Long-Term investment with a projected -15.06% first-year return on $179k initial cash invested.
-15.06%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$3,525
Rent
-$2,240
Cashflow
Cash Flow
$3,525 income − $5,765 expenses = $2,240 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
$3,525
Total Expenses
$5,765
Mortgage P&I
123%
$4,331
Property Taxes
6%
$220
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0