This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $184k initial cash invested.
-20.24%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$3,885
Rent
-$3,101
Cashflow
Cash Flow
$3,885 income − $6,986 expenses = $3,101 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,754
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,885
Total Expenses
$6,986
Mortgage P&I
121%
$4,696
Property Taxes
21%
$833
Home Insurance
12%
$448
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0