This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $184k initial cash invested.
-12.23%
Cash On Cash
3.73%
Cap Rate
0.62
DSCR
$4,533
Rent
-$1,873
Cashflow
Cash Flow
$4,533 income − $6,406 expenses = $1,873 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,533
Total Expenses
$6,406
Mortgage P&I
96%
$4,366
Property Taxes
13%
$581
Home Insurance
6%
$280
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$227
Vacancy
6%
$272
Maintenance
5%
$227
Other
0%
$0