This property looks like a bad Long-Term investment with a projected -14.17% first-year return on $184k initial cash invested.
-14.17%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$4,266
Rent
-$2,173
Cashflow
Cash Flow
$4,266 income − $6,439 expenses = $2,173 out of pocket
Investment Breakdown
|
Purchase Price
$877k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,266
Total Expenses
$6,439
Mortgage P&I
106%
$4,504
Property Taxes
12%
$516
Home Insurance
7%
$310
HOA
0%
$0
Property Management
10%
$427
CapEx
5%
$213
Vacancy
6%
$256
Maintenance
5%
$213
Other
0%
$0