This property looks like a bad Long-Term investment with a projected -17.35% first-year return on $184k initial cash invested.
-17.35%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$3,994
Rent
-$2,657
Cashflow
Cash Flow
$3,994 income − $6,651 expenses = $2,657 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,994
Total Expenses
$6,651
Mortgage P&I
117%
$4,661
Property Taxes
16%
$638
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0