This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $181k initial cash invested.
-18.08%
Cash On Cash
3.09%
Cap Rate
0.47
DSCR
$4,280
Rent
-$2,720
Cashflow
Cash Flow
$4,280 income − $7,000 expenses = $2,720 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,597
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,280
Total Expenses
$7,000
Mortgage P&I
110%
$4,721
Property Taxes
19%
$834
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0