This property looks like a bad Long-Term investment with a projected -7.44% first-year return on $181k initial cash invested.
-7.44%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$6,192
Rent
-$1,123
Cashflow
Cash Flow
$6,192 income − $7,315 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,192
Total Expenses
$7,315
Mortgage P&I
76%
$4,708
Property Taxes
11%
$683
Home Insurance
5%
$313
HOA
0%
$0
Property Management
10%
$619
CapEx
5%
$310
Vacancy
6%
$372
Maintenance
5%
$310
Other
0%
$0