This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $182k initial cash invested.
-22.87%
Cash On Cash
1.5%
Cap Rate
0.25
DSCR
$2,512
Rent
-$3,461
Cashflow
Cash Flow
$2,512 income − $5,973 expenses = $3,461 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,512
Total Expenses
$5,973
Mortgage P&I
176%
$4,419
Property Taxes
24%
$594
Home Insurance
12%
$306
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0