This property looks like a bad Long-Term investment with a projected -20.36% first-year return on $179k initial cash invested.
-20.36%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$3,584
Rent
-$3,036
Cashflow
Cash Flow
$3,584 income − $6,620 expenses = $3,036 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,523
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,584
Total Expenses
$6,620
Mortgage P&I
127%
$4,545
Property Taxes
24%
$844
Home Insurance
8%
$300
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0