This property looks like a bad Long-Term investment with a projected -22.5% first-year return on $180k initial cash invested.
-22.5%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$3,240
Rent
-$3,372
Cashflow
Cash Flow
$3,240 income − $6,612 expenses = $3,372 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$171k
Closing costs
1%
$8,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,240
Total Expenses
$6,612
Mortgage P&I
145%
$4,711
Property Taxes
23%
$744
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0