This property looks like a bad Long-Term investment with a projected -20.42% first-year return on $185k initial cash invested.
-20.42%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$3,706
Rent
-$3,153
Cashflow
Cash Flow
$3,706 income − $6,859 expenses = $3,153 out of pocket
Investment Breakdown
|
Purchase Price
$882k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,822
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,706
Total Expenses
$6,859
Mortgage P&I
131%
$4,848
Property Taxes
20%
$733
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0