This property looks like a bad Long-Term investment with a projected -17.79% first-year return on $186k initial cash invested.
-17.79%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$4,187
Rent
-$2,762
Cashflow
Cash Flow
$4,187 income − $6,949 expenses = $2,762 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,187
Total Expenses
$6,949
Mortgage P&I
112%
$4,680
Property Taxes
16%
$683
Home Insurance
8%
$348
HOA
4%
$150
Property Management
10%
$419
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0