This property looks like a bad Long-Term investment with a projected -22.64% first-year return on $179k initial cash invested.
-22.64%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$2,627
Rent
-$3,367
Cashflow
Cash Flow
$2,627 income − $5,994 expenses = $3,367 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,627
Total Expenses
$5,994
Mortgage P&I
179%
$4,707
Property Taxes
12%
$306
Home Insurance
11%
$298
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0