This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $182k initial cash invested.
-19.04%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$3,532
Rent
-$2,882
Cashflow
Cash Flow
$3,532 income − $6,414 expenses = $2,882 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,532
Total Expenses
$6,414
Mortgage P&I
133%
$4,696
Property Taxes
14%
$496
Home Insurance
9%
$303
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0