This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $180k initial cash invested.
-17.62%
Cash On Cash
2.76%
Cap Rate
0.44
DSCR
$3,574
Rent
-$2,638
Cashflow
Cash Flow
$3,574 income − $6,212 expenses = $2,638 out of pocket
Investment Breakdown
|
Purchase Price
$855k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$171k
Closing costs
1%
$8,554
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,574
Total Expenses
$6,212
Mortgage P&I
124%
$4,423
Property Taxes
16%
$554
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$179
Vacancy
6%
$214
Maintenance
5%
$179
Other
0%
$0