This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $181k initial cash invested.
-22.45%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$2,589
Rent
-$3,394
Cashflow
Cash Flow
$2,589 income − $5,983 expenses = $3,394 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$173k
Closing costs
1%
$8,640
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,589
Total Expenses
$5,983
Mortgage P&I
183%
$4,725
Property Taxes
10%
$271
Home Insurance
12%
$315
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0