This property looks like a bad Long-Term investment with a projected -22.17% first-year return on $180k initial cash invested.
-22.17%
Cash On Cash
2.35%
Cap Rate
0.35
DSCR
$3,368
Rent
-$3,332
Cashflow
Cash Flow
$3,368 income − $6,700 expenses = $3,332 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,368
Total Expenses
$6,700
Mortgage P&I
144%
$4,849
Property Taxes
20%
$675
Home Insurance
9%
$301
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0