The equity paydown alone eclipses the value of the alternative investment within 2 years.This is the power of leveraged appreciation and equity improvement through real estate.Summary / Consolidation / ConclusionI am definitely over-simplifying what it means to hold a real estate investment property for 30 years.

When using debt, we often see the year-one bonus depreciation eclipse the equity invested.

It might be best to call if Eclipse is giving you an error you dont under. 

I was lost in the moo, but now am found, I was moo, but now I see.Those tickets to Russia and Greece are no fun at all, but I'll stick with Discover Miles now and wait until the spending grows to the point where it completely eclipses the need to go after those sign-up bonuses.

As today's DSCR interest rates eclipse 8.5% on a 30 year fixed, the monthly principal and interest would be $1,730. 

Not a design thing, but I think your vertical costs will eclipse $375k when you're done.  5.

Downtown Austin is actually on the southern end of our built-out metro.Some experts have told me that The Domain area could eventually eclipse downtown Austin in size, weight and height.

so, you can see how in a year with decent appreciation, the appreciation can very quickly eclipse the cashflow...Because cashflow is similar to "defense" and appreciation is similar to "offense", different investors will prioritize them differently depending on their position....for example, for a beginner with a relatively low net worth, an unexpected capex of $25k could be devastating if they don't have sufficient cashflow--so for them, a property that cashflows $100/mo vs. $900/mo could be the difference between survival and bankruptcy (they need the cashflow to cover that capex NOW; they can't wait several years for the property to appreciate, so adequate cashflow is critical) ...but a more experienced investor with a net worth of $10 mil can easily survive that unexpected capex of $25k, and to them, whether the property cashflows $100 or $900/mo might be trivial if the property is appreciating well..Of course, appreciation isn't guaranteed, and real estate can (and does) depreciate in some markets... also, in today's market, it would be very difficult to get a typical single family (or even some small multifams) to cashflow at $1k/mo as an LTR....and then there's the important matter of taxation...all of these are additional factors you'll want to educate yourself on...There are a LOT of moving pieces to consider in REI.Good luck out there!

Log into Eclipse to get you BIRT (Income tax) and your rental licenses.

Make sure you've linked the permit application to your eClipse profile so you can monitor the progress and have direct access.