This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $179k initial cash invested.
-18.73%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$3,843
Rent
-$2,786
Cashflow
Cash Flow
$3,843 income − $6,629 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,843
Total Expenses
$6,629
Mortgage P&I
119%
$4,581
Property Taxes
20%
$751
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0