This property looks like a bad Long-Term investment with a projected -19.34% first-year return on $181k initial cash invested.
-19.34%
Cash On Cash
2.21%
Cap Rate
0.36
DSCR
$2,971
Rent
-$2,911
Cashflow
Cash Flow
$2,971 income − $5,882 expenses = $2,911 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,971
Total Expenses
$5,882
Mortgage P&I
146%
$4,347
Property Taxes
16%
$461
Home Insurance
10%
$301
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0