This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $179k initial cash invested.
-17.72%
Cash On Cash
3.11%
Cap Rate
0.47
DSCR
$3,944
Rent
-$2,642
Cashflow
Cash Flow
$3,944 income − $6,586 expenses = $2,642 out of pocket
Investment Breakdown
|
Purchase Price
$852k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,518
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,944
Total Expenses
$6,586
Mortgage P&I
118%
$4,653
Property Taxes
14%
$559
Home Insurance
9%
$349
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0