This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $184k initial cash invested.
-16.73%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$3,788
Rent
-$2,566
Cashflow
Cash Flow
$3,788 income − $6,354 expenses = $2,566 out of pocket
Investment Breakdown
|
Purchase Price
$877k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,766
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,788
Total Expenses
$6,354
Mortgage P&I
117%
$4,426
Property Taxes
17%
$629
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$379
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0