This property looks like a bad Long-Term investment with a projected -19.69% first-year return on $178k initial cash invested.
-19.69%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$3,584
Rent
-$2,925
Cashflow
Cash Flow
$3,584 income − $6,509 expenses = $2,925 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,584
Total Expenses
$6,509
Mortgage P&I
129%
$4,619
Property Taxes
18%
$662
Home Insurance
8%
$297
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0