This property looks like a bad Long-Term investment with a projected -21.16% first-year return on $179k initial cash invested.
-21.16%
Cash On Cash
2.4%
Cap Rate
0.36
DSCR
$3,591
Rent
-$3,147
Cashflow
Cash Flow
$3,591 income − $6,738 expenses = $3,147 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,591
Total Expenses
$6,738
Mortgage P&I
130%
$4,670
Property Taxes
23%
$836
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$180
Vacancy
6%
$215
Maintenance
5%
$180
Other
0%
$0