This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $182k initial cash invested.
-12.26%
Cash On Cash
3.79%
Cap Rate
0.63
DSCR
$4,637
Rent
-$1,858
Cashflow
Cash Flow
$4,637 income − $6,495 expenses = $1,858 out of pocket
Investment Breakdown
|
Purchase Price
$866k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,661
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,637
Total Expenses
$6,495
Mortgage P&I
94%
$4,361
Property Taxes
13%
$625
Home Insurance
7%
$303
HOA
0%
$0
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$278
Maintenance
5%
$232
Other
0%
$0