This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $179k initial cash invested.
-14.58%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$4,734
Rent
-$2,169
Cashflow
Cash Flow
$4,734 income − $6,903 expenses = $2,169 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,734
Total Expenses
$6,903
Mortgage P&I
97%
$4,581
Property Taxes
17%
$793
Home Insurance
6%
$298
HOA
0%
$0
Property Management
10%
$473
CapEx
5%
$237
Vacancy
6%
$284
Maintenance
5%
$237
Other
0%
$0