This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $180k initial cash invested.
-18.89%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$3,242
Rent
-$2,840
Cashflow
Cash Flow
$3,242 income − $6,082 expenses = $2,840 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,242
Total Expenses
$6,082
Mortgage P&I
147%
$4,776
Property Taxes
5%
$162
Home Insurance
9%
$301
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0