This property looks like a bad Long-Term investment with a projected -19.77% first-year return on $185k initial cash invested.
-19.77%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$3,414
Rent
-$3,048
Cashflow
Cash Flow
$3,414 income − $6,462 expenses = $3,048 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,414
Total Expenses
$6,462
Mortgage P&I
132%
$4,507
Property Taxes
10%
$337
Home Insurance
9%
$310
HOA
12%
$420
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0