This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $179k initial cash invested.
-15.66%
Cash On Cash
3.05%
Cap Rate
0.5
DSCR
$3,561
Rent
-$2,330
Cashflow
Cash Flow
$3,561 income − $5,891 expenses = $2,330 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,561
Total Expenses
$5,891
Mortgage P&I
121%
$4,311
Property Taxes
10%
$356
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0