This property looks like a bad Long-Term investment with a projected -19.65% first-year return on $184k initial cash invested.
-19.65%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$3,854
Rent
-$3,020
Cashflow
Cash Flow
$3,854 income − $6,874 expenses = $3,020 out of pocket
Investment Breakdown
|
Purchase Price
$878k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$176k
Closing costs
1%
$8,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,854
Total Expenses
$6,874
Mortgage P&I
125%
$4,805
Property Taxes
20%
$787
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0