This property looks like a bad Long-Term investment with a projected -21.59% first-year return on $179k initial cash invested.
-21.59%
Cash On Cash
1.86%
Cap Rate
0.3
DSCR
$2,940
Rent
-$3,216
Cashflow
Cash Flow
$2,940 income − $6,156 expenses = $3,216 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
$2,940
Total Expenses
$6,156
Mortgage P&I
149%
$4,388
Property Taxes
22%
$654
Home Insurance
12%
$350
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0