This property looks like a bad Long-Term investment with a projected -12.42% first-year return on $186k initial cash invested.
-12.42%
Cash On Cash
3.74%
Cap Rate
0.62
DSCR
$4,544
Rent
-$1,924
Cashflow
Cash Flow
$4,544 income − $6,468 expenses = $1,924 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,854
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,544
Total Expenses
$6,468
Mortgage P&I
98%
$4,458
Property Taxes
11%
$505
Home Insurance
7%
$324
HOA
0%
$0
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$273
Maintenance
5%
$227
Other
0%
$0