This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $186k initial cash invested.
-18.45%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$4,638
Rent
-$2,857
Cashflow
Cash Flow
$4,638 income − $7,495 expenses = $2,857 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,638
Total Expenses
$7,495
Mortgage P&I
105%
$4,849
Property Taxes
25%
$1,142
Home Insurance
6%
$298
HOA
0%
$0
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$278
Maintenance
5%
$232
Other
0%
$0