This property looks like a bad Long-Term investment with a projected -20.44% first-year return on $179k initial cash invested.
-20.44%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$2,540
Rent
-$3,041
Cashflow
Cash Flow
$2,540 income − $5,581 expenses = $3,041 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,540
Total Expenses
$5,581
Mortgage P&I
170%
$4,325
Property Taxes
12%
$298
Home Insurance
12%
$298
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0