This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $186k initial cash invested.
-18.35%
Cash On Cash
3.03%
Cap Rate
0.46
DSCR
$4,194
Rent
-$2,845
Cashflow
Cash Flow
$4,194 income − $7,039 expenses = $2,845 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,194
Total Expenses
$7,039
Mortgage P&I
116%
$4,869
Property Taxes
18%
$764
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$419
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0