This property looks like a bad Long-Term investment with a projected -24.67% first-year return on $179k initial cash invested.
-24.67%
Cash On Cash
1.39%
Cap Rate
0.22
DSCR
$2,851
Rent
-$3,672
Cashflow
Cash Flow
$2,851 income − $6,523 expenses = $3,672 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,506
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,851
Total Expenses
$6,523
Mortgage P&I
158%
$4,515
Property Taxes
33%
$934
Home Insurance
12%
$332
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0