This property looks like a bad Long-Term investment with a projected -21.84% first-year return on $178k initial cash invested.
-21.84%
Cash On Cash
2.12%
Cap Rate
0.33
DSCR
$2,937
Rent
-$3,236
Cashflow
Cash Flow
$2,937 income − $6,173 expenses = $3,236 out of pocket
Investment Breakdown
|
Purchase Price
$847k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$169k
Closing costs
1%
$8,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,937
Total Expenses
$6,173
Mortgage P&I
156%
$4,582
Property Taxes
18%
$521
Home Insurance
10%
$306
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0