This property looks like a bad Long-Term investment with a projected -19.7% first-year return on $185k initial cash invested.
-19.7%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$3,159
Rent
-$3,034
Cashflow
Cash Flow
$3,159 income − $6,193 expenses = $3,034 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,159
Total Expenses
$6,193
Mortgage P&I
143%
$4,521
Property Taxes
17%
$542
Home Insurance
10%
$308
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0