This property looks like a bad Long-Term investment with a projected -34.89% first-year return on $178k initial cash invested.
-34.89%
Cash On Cash
-1.13%
Cap Rate
-0.19
DSCR
$1,470
Rent
-$5,190
Cashflow
Cash Flow
$1,470 income − $6,660 expenses = $5,190 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
$1,470
Total Expenses
$6,660
Mortgage P&I
293%
$4,313
Property Taxes
113%
$1,666
Home Insurance
20%
$298
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$74
Vacancy
6%
$88
Maintenance
5%
$74
Other
0%
$0