This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $184k initial cash invested.
-21.74%
Cash On Cash
1.96%
Cap Rate
0.31
DSCR
$2,532
Rent
-$3,329
Cashflow
Cash Flow
$2,532 income − $5,861 expenses = $3,329 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,532
Total Expenses
$5,861
Mortgage P&I
183%
$4,632
Property Taxes
10%
$264
Home Insurance
12%
$306
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0