This property looks like a bad Long-Term investment with a projected -19.1% first-year return on $179k initial cash invested.
-19.1%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$4,849
Rent
-$2,850
Cashflow
Cash Flow
$4,849 income − $7,699 expenses = $2,850 out of pocket
Investment Breakdown
|
Purchase Price
$853k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$171k
Closing costs
1%
$8,528
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,849
Total Expenses
$7,699
Mortgage P&I
95%
$4,629
Property Taxes
32%
$1,534
Home Insurance
6%
$276
HOA
0%
$0
Property Management
10%
$485
CapEx
5%
$242
Vacancy
6%
$291
Maintenance
5%
$242
Other
0%
$0