This property looks like a bad Long-Term investment with a projected -18.38% first-year return on $183k initial cash invested.
-18.38%
Cash On Cash
3.12%
Cap Rate
0.46
DSCR
$3,900
Rent
-$2,799
Cashflow
Cash Flow
$3,900 income − $6,699 expenses = $2,799 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,900
Total Expenses
$6,699
Mortgage P&I
125%
$4,866
Property Taxes
13%
$515
Home Insurance
8%
$304
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0