This property looks like a bad Long-Term investment with a projected -21.05% first-year return on $178k initial cash invested.
-21.05%
Cash On Cash
2.25%
Cap Rate
0.35
DSCR
$2,770
Rent
-$3,127
Cashflow
Cash Flow
$2,770 income − $5,897 expenses = $3,127 out of pocket
Investment Breakdown
|
Purchase Price
$849k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,770
Total Expenses
$5,897
Mortgage P&I
165%
$4,580
Property Taxes
11%
$301
Home Insurance
11%
$297
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0