This property looks like a bad Long-Term investment with a projected -22.38% first-year return on $186k initial cash invested.
-22.38%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$3,555
Rent
-$3,462
Cashflow
Cash Flow
$3,555 income − $7,017 expenses = $3,462 out of pocket
Investment Breakdown
|
Purchase Price
$884k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,841
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,555
Total Expenses
$7,017
Mortgage P&I
135%
$4,805
Property Taxes
27%
$976
Home Insurance
9%
$311
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0