This property looks like a bad Long-Term investment with a projected -25.96% first-year return on $181k initial cash invested.
-25.96%
Cash On Cash
1.02%
Cap Rate
0.16
DSCR
$2,443
Rent
-$3,914
Cashflow
Cash Flow
$2,443 income − $6,357 expenses = $3,914 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,614
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,443
Total Expenses
$6,357
Mortgage P&I
185%
$4,522
Property Taxes
36%
$885
Home Insurance
13%
$315
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0