This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $184k initial cash invested.
-19.3%
Cash On Cash
2.6%
Cap Rate
0.41
DSCR
$3,566
Rent
-$2,955
Cashflow
Cash Flow
$3,566 income − $6,521 expenses = $2,955 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,566
Total Expenses
$6,521
Mortgage P&I
131%
$4,676
Property Taxes
17%
$612
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0