This property looks like a bad Long-Term investment with a projected -21.11% first-year return on $181k initial cash invested.
-21.11%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$3,562
Rent
-$3,190
Cashflow
Cash Flow
$3,562 income − $6,752 expenses = $3,190 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$173k
Closing costs
1%
$8,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,562
Total Expenses
$6,752
Mortgage P&I
131%
$4,680
Property Taxes
24%
$843
Home Insurance
9%
$303
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0