This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $178k initial cash invested.
-17.95%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$2,869
Rent
-$2,670
Cashflow
Cash Flow
$2,869 income − $5,539 expenses = $2,670 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,869
Total Expenses
$5,539
Mortgage P&I
150%
$4,299
Property Taxes
6%
$184
Home Insurance
10%
$298
HOA
0%
$13
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0