This property looks like a bad Long-Term investment with a projected -20.61% first-year return on $185k initial cash invested.
-20.61%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$3,797
Rent
-$3,175
Cashflow
Cash Flow
$3,797 income − $6,972 expenses = $3,175 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,805
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,797
Total Expenses
$6,972
Mortgage P&I
127%
$4,818
Property Taxes
23%
$860
Home Insurance
8%
$306
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0