This property looks like a bad Long-Term investment with a projected -22.31% first-year return on $186k initial cash invested.
-22.31%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$3,445
Rent
-$3,454
Cashflow
Cash Flow
$3,445 income − $6,899 expenses = $3,454 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,445
Total Expenses
$6,899
Mortgage P&I
139%
$4,804
Property Taxes
26%
$885
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0