This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $181k initial cash invested.
-21.89%
Cash On Cash
2.07%
Cap Rate
0.32
DSCR
$3,031
Rent
-$3,302
Cashflow
Cash Flow
$3,031 income − $6,333 expenses = $3,302 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%
$8,619
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,031
Total Expenses
$6,333
Mortgage P&I
153%
$4,639
Property Taxes
18%
$537
Home Insurance
12%
$368
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0