This property looks like a bad Long-Term investment with a projected -18.16% first-year return on $178k initial cash invested.
-18.16%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$3,763
Rent
-$2,701
Cashflow
Cash Flow
$3,763 income − $6,464 expenses = $2,701 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$170k
Closing costs
1%
$8,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,763
Total Expenses
$6,464
Mortgage P&I
119%
$4,472
Property Taxes
19%
$716
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0