This property looks like a bad Long-Term investment with a projected -24.53% first-year return on $182k initial cash invested.
-24.53%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$1,979
Rent
-$3,731
Cashflow
Cash Flow
$1,979 income − $5,710 expenses = $3,731 out of pocket
Investment Breakdown
|
Purchase Price
$869k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$174k
Closing costs
1%
$8,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$5,710
Mortgage P&I
235%
$4,644
Property Taxes
12%
$247
Home Insurance
15%
$304
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0