This property looks like a bad Long-Term investment with a projected -7.33% first-year return on $181k initial cash invested.
-7.33%
Cash On Cash
4.87%
Cap Rate
0.81
DSCR
$5,480
Rent
-$1,104
Cashflow
Cash Flow
$5,480 income − $6,584 expenses = $1,104 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,480
Total Expenses
$6,584
Mortgage P&I
79%
$4,321
Property Taxes
10%
$532
Home Insurance
6%
$306
HOA
0%
$0
Property Management
10%
$548
CapEx
5%
$274
Vacancy
6%
$329
Maintenance
5%
$274
Other
0%
$0