This property looks like a bad Long-Term investment with a projected -24.93% first-year return on $181k initial cash invested.
-24.93%
Cash On Cash
1.38%
Cap Rate
0.21
DSCR
$2,700
Rent
-$3,761
Cashflow
Cash Flow
$2,700 income − $6,461 expenses = $3,761 out of pocket
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,700
Total Expenses
$6,461
Mortgage P&I
171%
$4,616
Property Taxes
29%
$795
Home Insurance
12%
$315
HOA
1%
$33
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0