This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $182k initial cash invested.
-17.82%
Cash On Cash
3.12%
Cap Rate
0.48
DSCR
$4,408
Rent
-$2,701
Cashflow
Cash Flow
$4,408 income − $7,109 expenses = $2,701 out of pocket
Investment Breakdown
|
Purchase Price
$866k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,663
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,408
Total Expenses
$7,109
Mortgage P&I
107%
$4,730
Property Taxes
22%
$954
Home Insurance
6%
$280
HOA
0%
$0
Property Management
10%
$441
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0