This property looks like a bad Long-Term investment with a projected -22.2% first-year return on $179k initial cash invested.
-22.2%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$3,897
Rent
-$3,305
Cashflow
Cash Flow
$3,897 income − $7,202 expenses = $3,305 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%
$8,507
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$7,202
Mortgage P&I
116%
$4,537
Property Taxes
31%
$1,213
Home Insurance
8%
$312
HOA
3%
$126
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0