This property looks like a bad Long-Term investment with a projected -19.61% first-year return on $178k initial cash invested.
-19.61%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$2,800
Rent
-$2,913
Cashflow
Cash Flow
$2,800 income − $5,713 expenses = $2,913 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,800
Total Expenses
$5,713
Mortgage P&I
153%
$4,289
Property Taxes
14%
$399
Home Insurance
11%
$297
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0