This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $178k initial cash invested.
-20.47%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$2,983
Rent
-$3,045
Cashflow
Cash Flow
$2,983 income − $6,028 expenses = $3,045 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,983
Total Expenses
$6,028
Mortgage P&I
155%
$4,638
Property Taxes
3%
$77
Home Insurance
10%
$298
HOA
8%
$240
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0