This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $179k initial cash invested.
-21.3%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$3,432
Rent
-$3,173
Cashflow
Cash Flow
$3,432 income − $6,605 expenses = $3,173 out of pocket
Investment Breakdown
|
Purchase Price
$851k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,432
Total Expenses
$6,605
Mortgage P&I
134%
$4,602
Property Taxes
24%
$839
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0