This property looks like a bad Long-Term investment with a projected -17.3% first-year return on $186k initial cash invested.
-17.3%
Cash On Cash
2.78%
Cap Rate
0.45
DSCR
$3,708
Rent
-$2,684
Cashflow
Cash Flow
$3,708 income − $6,392 expenses = $2,684 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,708
Total Expenses
$6,392
Mortgage P&I
123%
$4,555
Property Taxes
15%
$559
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0