This property looks like a bad Long-Term investment with a projected -16.43% first-year return on $180k initial cash invested.
-16.43%
Cash On Cash
3.63%
Cap Rate
0.54
DSCR
$4,626
Rent
-$2,459
Cashflow
Cash Flow
$4,626 income − $7,085 expenses = $2,459 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$171k
Closing costs
1%
$8,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,626
Total Expenses
$7,085
Mortgage P&I
104%
$4,815
Property Taxes
17%
$768
Home Insurance
6%
$299
HOA
0%
$0
Property Management
10%
$463
CapEx
5%
$231
Vacancy
6%
$278
Maintenance
5%
$231
Other
0%
$0