This property looks like a bad Long-Term investment with a projected -18.23% first-year return on $179k initial cash invested.
-18.23%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$4,068
Rent
-$2,711
Cashflow
Cash Flow
$4,068 income − $6,779 expenses = $2,711 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,068
Total Expenses
$6,779
Mortgage P&I
115%
$4,666
Property Taxes
19%
$758
Home Insurance
7%
$298
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0