This property looks like a bad Long-Term investment with a projected -15.08% first-year return on $183k initial cash invested.
-15.08%
Cash On Cash
3.42%
Cap Rate
0.54
DSCR
$4,005
Rent
-$2,302
Cashflow
Cash Flow
$4,005 income − $6,307 expenses = $2,302 out of pocket
Investment Breakdown
|
Purchase Price
$872k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,723
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,005
Total Expenses
$6,307
Mortgage P&I
115%
$4,588
Property Taxes
9%
$366
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0