This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $178k initial cash invested.
-22.45%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$3,139
Rent
-$3,339
Cashflow
Cash Flow
$3,139 income − $6,478 expenses = $3,339 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,139
Total Expenses
$6,478
Mortgage P&I
149%
$4,688
Property Taxes
22%
$676
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0