This property looks like a bad Long-Term investment with a projected -20.2% first-year return on $178k initial cash invested.
-20.2%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$3,829
Rent
-$3,002
Cashflow
Cash Flow
$3,829 income − $6,831 expenses = $3,002 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,829
Total Expenses
$6,831
Mortgage P&I
119%
$4,547
Property Taxes
21%
$792
Home Insurance
8%
$297
HOA
5%
$200
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0