This property looks like a bad Long-Term investment with a projected -21.64% first-year return on $178k initial cash invested.
-21.64%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$3,265
Rent
-$3,218
Cashflow
Cash Flow
$3,265 income − $6,483 expenses = $3,218 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,265
Total Expenses
$6,483
Mortgage P&I
138%
$4,512
Property Taxes
25%
$817
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0