This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $179k initial cash invested.
-17.22%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$3,668
Rent
-$2,562
Cashflow
Cash Flow
$3,668 income − $6,230 expenses = $2,562 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,668
Total Expenses
$6,230
Mortgage P&I
125%
$4,601
Property Taxes
10%
$378
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0