This property looks like a bad Long-Term investment with a projected -21.82% first-year return on $179k initial cash invested.
-21.82%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$2,903
Rent
-$3,253
Cashflow
Cash Flow
$2,903 income − $6,156 expenses = $3,253 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,520
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,903
Total Expenses
$6,156
Mortgage P&I
160%
$4,650
Property Taxes
16%
$454
Home Insurance
10%
$298
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0