This property looks like a bad Long-Term investment with a projected -16.16% first-year return on $180k initial cash invested.
-16.16%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$4,501
Rent
-$2,431
Cashflow
Cash Flow
$4,501 income − $6,932 expenses = $2,431 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,594
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,501
Total Expenses
$6,932
Mortgage P&I
103%
$4,631
Property Taxes
19%
$834
Home Insurance
7%
$297
HOA
0%
$0
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0