This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $185k initial cash invested.
-19.3%
Cash On Cash
2.6%
Cap Rate
0.41
DSCR
$3,733
Rent
-$2,969
Cashflow
Cash Flow
$3,733 income − $6,702 expenses = $2,969 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,733
Total Expenses
$6,702
Mortgage P&I
125%
$4,683
Property Taxes
20%
$740
Home Insurance
8%
$308
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0