This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $181k initial cash invested.
-19.41%
Cash On Cash
2.42%
Cap Rate
0.39
DSCR
$3,758
Rent
-$2,924
Cashflow
Cash Flow
$3,758 income − $6,682 expenses = $2,924 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,758
Total Expenses
$6,682
Mortgage P&I
119%
$4,471
Property Taxes
21%
$807
Home Insurance
8%
$306
HOA
3%
$121
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0