This property looks like a bad Long-Term investment with a projected -23.7% first-year return on $180k initial cash invested.
-23.7%
Cash On Cash
1.15%
Cap Rate
0.19
DSCR
$2,157
Rent
-$3,551
Cashflow
Cash Flow
$2,157 income − $5,708 expenses = $3,551 out of pocket
Investment Breakdown
|
Purchase Price
$856k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$171k
Closing costs
1%
$8,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,157
Total Expenses
$5,708
Mortgage P&I
198%
$4,261
Property Taxes
13%
$275
Home Insurance
16%
$336
HOA
13%
$275
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0