This property looks like a bad Long-Term investment with a projected -18.94% first-year return on $178k initial cash invested.
-18.94%
Cash On Cash
2.57%
Cap Rate
0.41
DSCR
$3,235
Rent
-$2,815
Cashflow
Cash Flow
$3,235 income − $6,050 expenses = $2,815 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,492
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,235
Total Expenses
$6,050
Mortgage P&I
138%
$4,471
Property Taxes
13%
$422
Home Insurance
10%
$310
HOA
0%
$5
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0