This property looks like a bad Long-Term investment with a projected -20.81% first-year return on $178k initial cash invested.
-20.81%
Cash On Cash
2.27%
Cap Rate
0.36
DSCR
$3,474
Rent
-$3,095
Cashflow
Cash Flow
$3,474 income − $6,569 expenses = $3,095 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,474
Total Expenses
$6,569
Mortgage P&I
130%
$4,532
Property Taxes
24%
$836
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0