This property looks like a bad Long-Term investment with a projected -23.27% first-year return on $183k initial cash invested.
-23.27%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,958
Rent
-$3,548
Cashflow
Cash Flow
$2,958 income − $6,506 expenses = $3,548 out of pocket
Investment Breakdown
|
Purchase Price
$871k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,958
Total Expenses
$6,506
Mortgage P&I
150%
$4,427
Property Taxes
32%
$953
Home Insurance
11%
$315
HOA
1%
$42
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0