This property looks like a bad Long-Term investment with a projected -21.51% first-year return on $178k initial cash invested.
-21.51%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$3,412
Rent
-$3,197
Cashflow
Cash Flow
$3,412 income − $6,609 expenses = $3,197 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,495
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,412
Total Expenses
$6,609
Mortgage P&I
135%
$4,589
Property Taxes
24%
$835
Home Insurance
9%
$297
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0