This property looks like a bad Long-Term investment with a projected -21.91% first-year return on $185k initial cash invested.
-21.91%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$2,498
Rent
-$3,373
Cashflow
Cash Flow
$2,498 income − $5,871 expenses = $3,373 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,797
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,498
Total Expenses
$5,871
Mortgage P&I
192%
$4,801
Property Taxes
5%
$113
Home Insurance
12%
$289
HOA
1%
$18
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0