This property looks like a bad Long-Term investment with a projected -15.54% first-year return on $178k initial cash invested.
-15.54%
Cash On Cash
3.13%
Cap Rate
0.51
DSCR
$4,438
Rent
-$2,311
Cashflow
Cash Flow
$4,438 income − $6,749 expenses = $2,311 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,438
Total Expenses
$6,749
Mortgage P&I
97%
$4,305
Property Taxes
22%
$992
Home Insurance
7%
$298
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$266
Maintenance
5%
$222
Other
0%
$0