This property looks like a bad Long-Term investment with a projected -18.12% first-year return on $178k initial cash invested.
-18.12%
Cash On Cash
2.9%
Cap Rate
0.45
DSCR
$3,859
Rent
-$2,683
Cashflow
Cash Flow
$3,859 income − $6,542 expenses = $2,683 out of pocket
Investment Breakdown
|
Purchase Price
$846k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$169k
Closing costs
1%
$8,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,859
Total Expenses
$6,542
Mortgage P&I
117%
$4,534
Property Taxes
8%
$292
Home Insurance
9%
$345
HOA
10%
$367
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0