This property looks like a bad Long-Term investment with a projected -21.56% first-year return on $181k initial cash invested.
-21.56%
Cash On Cash
1.77%
Cap Rate
0.29
DSCR
$2,743
Rent
-$3,250
Cashflow
Cash Flow
$2,743 income − $5,993 expenses = $3,250 out of pocket
Investment Breakdown
|
Purchase Price
$861k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,613
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,743
Total Expenses
$5,993
Mortgage P&I
160%
$4,384
Property Taxes
21%
$582
Home Insurance
11%
$314
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0