This property looks like a bad Long-Term investment with a projected -21.29% first-year return on $186k initial cash invested.
-21.29%
Cash On Cash
2.24%
Cap Rate
0.35
DSCR
$3,651
Rent
-$3,297
Cashflow
Cash Flow
$3,651 income − $6,948 expenses = $3,297 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,849
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,651
Total Expenses
$6,948
Mortgage P&I
131%
$4,769
Property Taxes
24%
$863
Home Insurance
8%
$310
HOA
2%
$56
Property Management
10%
$365
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0