This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $178k initial cash invested.
-18.96%
Cash On Cash
2.66%
Cap Rate
0.42
DSCR
$3,782
Rent
-$2,818
Cashflow
Cash Flow
$3,782 income − $6,600 expenses = $2,818 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,494
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,782
Total Expenses
$6,600
Mortgage P&I
119%
$4,510
Property Taxes
21%
$804
Home Insurance
8%
$289
HOA
0%
$14
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0