This property looks like a bad Long-Term investment with a projected -24.35% first-year return on $178k initial cash invested.
-24.35%
Cash On Cash
1.37%
Cap Rate
0.22
DSCR
$1,829
Rent
-$3,621
Cashflow
Cash Flow
$1,829 income − $5,450 expenses = $3,621 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,829
Total Expenses
$5,450
Mortgage P&I
246%
$4,502
Property Taxes
10%
$175
Home Insurance
16%
$298
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0