This property looks like a bad Long-Term investment with a projected -21.94% first-year return on $179k initial cash invested.
-21.94%
Cash On Cash
2.31%
Cap Rate
0.34
DSCR
$2,943
Rent
-$3,268
Cashflow
Cash Flow
$2,943 income − $6,211 expenses = $3,268 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,943
Total Expenses
$6,211
Mortgage P&I
162%
$4,760
Property Taxes
9%
$266
Home Insurance
14%
$420
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0