This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $178k initial cash invested.
-13.71%
Cash On Cash
3.42%
Cap Rate
0.57
DSCR
$3,981
Rent
-$2,034
Cashflow
Cash Flow
$3,981 income − $6,015 expenses = $2,034 out of pocket
Investment Breakdown
|
Purchase Price
$848k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,981
Total Expenses
$6,015
Mortgage P&I
107%
$4,252
Property Taxes
8%
$310
Home Insurance
11%
$418
HOA
0%
$0
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0