This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $179k initial cash invested.
-15.51%
Cash On Cash
3.24%
Cap Rate
0.52
DSCR
$4,356
Rent
-$2,311
Cashflow
Cash Flow
$4,356 income − $6,667 expenses = $2,311 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,512
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,356
Total Expenses
$6,667
Mortgage P&I
101%
$4,392
Property Taxes
19%
$844
Home Insurance
7%
$298
HOA
0%
$0
Property Management
10%
$436
CapEx
5%
$218
Vacancy
6%
$261
Maintenance
5%
$218
Other
0%
$0