This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $184k initial cash invested.
-18.97%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$4,002
Rent
-$2,907
Cashflow
Cash Flow
$4,002 income − $6,909 expenses = $2,907 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,757
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,002
Total Expenses
$6,909
Mortgage P&I
117%
$4,690
Property Taxes
21%
$847
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0