This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $186k initial cash invested.
-20.88%
Cash On Cash
2.22%
Cap Rate
0.35
DSCR
$3,473
Rent
-$3,241
Cashflow
Cash Flow
$3,473 income − $6,714 expenses = $3,241 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,473
Total Expenses
$6,714
Mortgage P&I
136%
$4,711
Property Taxes
23%
$785
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0