This property looks like a bad Long-Term investment with a projected -25.05% first-year return on $184k initial cash invested.
-25.05%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$2,028
Rent
-$3,843
Cashflow
Cash Flow
$2,028 income − $5,871 expenses = $3,843 out of pocket
Investment Breakdown
|
Purchase Price
$877k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,767
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,028
Total Expenses
$5,871
Mortgage P&I
231%
$4,690
Property Taxes
15%
$304
Home Insurance
17%
$350
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$101
Vacancy
6%
$122
Maintenance
5%
$101
Other
0%
$0