This property looks like a bad Long-Term investment with a projected -20.99% first-year return on $181k initial cash invested.
-20.99%
Cash On Cash
2.46%
Cap Rate
0.37
DSCR
$3,691
Rent
-$3,169
Cashflow
Cash Flow
$3,691 income − $6,860 expenses = $3,169 out of pocket
Investment Breakdown
|
Purchase Price
$863k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$173k
Closing costs
1%
$8,626
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,691
Total Expenses
$6,860
Mortgage P&I
129%
$4,751
Property Taxes
20%
$755
Home Insurance
9%
$320
HOA
2%
$74
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$221
Maintenance
5%
$185
Other
0%
$0