This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $180k initial cash invested.
-12.14%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$4,172
Rent
-$1,825
Cashflow
Cash Flow
$4,172 income − $5,997 expenses = $1,825 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,172
Total Expenses
$5,997
Mortgage P&I
105%
$4,369
Property Taxes
6%
$242
Home Insurance
7%
$301
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$209
Vacancy
6%
$250
Maintenance
5%
$209
Other
0%
$0