This property looks like a bad Long-Term investment with a projected -22.15% first-year return on $181k initial cash invested.
-22.15%
Cash On Cash
2.05%
Cap Rate
0.32
DSCR
$3,307
Rent
-$3,334
Cashflow
Cash Flow
$3,307 income − $6,641 expenses = $3,334 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,307
Total Expenses
$6,641
Mortgage P&I
140%
$4,635
Property Taxes
26%
$846
Home Insurance
9%
$301
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0