This property looks like a bad Long-Term investment with a projected -26.34% first-year return on $179k initial cash invested.
-26.34%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$2,384
Rent
-$3,918
Cashflow
Cash Flow
$2,384 income − $6,302 expenses = $3,918 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,384
Total Expenses
$6,302
Mortgage P&I
198%
$4,721
Property Taxes
28%
$664
Home Insurance
13%
$298
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0