This property looks like a bad Long-Term investment with a projected -17.75% first-year return on $180k initial cash invested.
-17.75%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$3,992
Rent
-$2,658
Cashflow
Cash Flow
$3,992 income − $6,650 expenses = $2,658 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%
$8,557
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,992
Total Expenses
$6,650
Mortgage P&I
118%
$4,696
Property Taxes
15%
$600
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0