This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $183k initial cash invested.
-18.83%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$4,094
Rent
-$2,868
Cashflow
Cash Flow
$4,094 income − $6,962 expenses = $2,868 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,702
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,094
Total Expenses
$6,962
Mortgage P&I
114%
$4,667
Property Taxes
20%
$826
Home Insurance
7%
$294
HOA
3%
$110
Property Management
10%
$409
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0