This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $179k initial cash invested.
-16.4%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$4,715
Rent
-$2,443
Cashflow
Cash Flow
$4,715 income − $7,158 expenses = $2,443 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%
$8,514
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,715
Total Expenses
$7,158
Mortgage P&I
96%
$4,532
Property Taxes
21%
$981
Home Insurance
9%
$418
HOA
0%
$0
Property Management
10%
$472
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0