This property looks like a bad Long-Term investment with a projected -23.54% first-year return on $186k initial cash invested.
-23.54%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$3,104
Rent
-$3,653
Cashflow
Cash Flow
$3,104 income − $6,757 expenses = $3,653 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,869
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,104
Total Expenses
$6,757
Mortgage P&I
154%
$4,785
Property Taxes
27%
$846
Home Insurance
10%
$320
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0