This property looks like a bad Long-Term investment with a projected -21.55% first-year return on $179k initial cash invested.
-21.55%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$3,042
Rent
-$3,212
Cashflow
Cash Flow
$3,042 income − $6,254 expenses = $3,212 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%
$8,516
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,042
Total Expenses
$6,254
Mortgage P&I
149%
$4,520
Property Taxes
13%
$401
Home Insurance
10%
$308
HOA
8%
$234
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0