This property looks like a bad Long-Term investment with a projected -17.85% first-year return on $181k initial cash invested.
-17.85%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$4,055
Rent
-$2,698
Cashflow
Cash Flow
$4,055 income − $6,753 expenses = $2,698 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$173k
Closing costs
1%
$8,636
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,055
Total Expenses
$6,753
Mortgage P&I
115%
$4,649
Property Taxes
19%
$751
Home Insurance
7%
$298
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0