This property looks like a bad Long-Term investment with a projected -21.6% first-year return on $182k initial cash invested.
-21.6%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$3,493
Rent
-$3,279
Cashflow
Cash Flow
$3,493 income − $6,772 expenses = $3,279 out of pocket
Investment Breakdown
|
Purchase Price
$867k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,673
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,493
Total Expenses
$6,772
Mortgage P&I
134%
$4,680
Property Taxes
23%
$794
Home Insurance
9%
$312
HOA
2%
$77
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0