This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $179k initial cash invested.
-16.91%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$4,168
Rent
-$2,516
Cashflow
Cash Flow
$4,168 income − $6,684 expenses = $2,516 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,168
Total Expenses
$6,684
Mortgage P&I
109%
$4,552
Property Taxes
18%
$751
Home Insurance
7%
$298
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0