This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $185k initial cash invested.
-20.19%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$3,881
Rent
-$3,105
Cashflow
Cash Flow
$3,881 income − $6,986 expenses = $3,105 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,789
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,881
Total Expenses
$6,986
Mortgage P&I
123%
$4,775
Property Taxes
23%
$894
Home Insurance
8%
$308
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0