This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $180k initial cash invested.
-17.92%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$4,170
Rent
-$2,692
Cashflow
Cash Flow
$4,170 income − $6,862 expenses = $2,692 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,584
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,170
Total Expenses
$6,862
Mortgage P&I
112%
$4,662
Property Taxes
20%
$816
Home Insurance
7%
$301
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0