This property looks like a bad Long-Term investment with a projected -22.47% first-year return on $183k initial cash invested.
-22.47%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$3,517
Rent
-$3,429
Cashflow
Cash Flow
$3,517 income − $6,946 expenses = $3,429 out of pocket
Investment Breakdown
|
Purchase Price
$872k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,722
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,517
Total Expenses
$6,946
Mortgage P&I
135%
$4,731
Property Taxes
27%
$959
Home Insurance
10%
$341
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0