This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $179k initial cash invested.
-19.5%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$2,353
Rent
-$2,901
Cashflow
Cash Flow
$2,353 income − $5,254 expenses = $2,901 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,353
Total Expenses
$5,254
Mortgage P&I
180%
$4,242
Property Taxes
4%
$102
Home Insurance
13%
$298
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0