This property looks like a bad Long-Term investment with a projected -19.63% first-year return on $179k initial cash invested.
-19.63%
Cash On Cash
2.97%
Cap Rate
0.44
DSCR
$3,967
Rent
-$2,922
Cashflow
Cash Flow
$3,967 income − $6,889 expenses = $2,922 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,507
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,967
Total Expenses
$6,889
Mortgage P&I
122%
$4,832
Property Taxes
18%
$723
Home Insurance
8%
$303
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0