This property looks like a bad Long-Term investment with a projected -17.47% first-year return on $182k initial cash invested.
-17.47%
Cash On Cash
3.03%
Cap Rate
0.47
DSCR
$4,011
Rent
-$2,657
Cashflow
Cash Flow
$4,011 income − $6,668 expenses = $2,657 out of pocket
Investment Breakdown
|
Purchase Price
$869k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$174k
Closing costs
1%
$8,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,011
Total Expenses
$6,668
Mortgage P&I
116%
$4,649
Property Taxes
17%
$671
Home Insurance
8%
$304
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0