This property looks like a bad Long-Term investment with a projected -20.06% first-year return on $179k initial cash invested.
-20.06%
Cash On Cash
2.29%
Cap Rate
0.36
DSCR
$2,763
Rent
-$2,984
Cashflow
Cash Flow
$2,763 income − $5,747 expenses = $2,984 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,763
Total Expenses
$5,747
Mortgage P&I
162%
$4,471
Property Taxes
9%
$260
Home Insurance
11%
$298
HOA
0%
$0
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0