This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $180k initial cash invested.
-18.41%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$3,295
Rent
-$2,767
Cashflow
Cash Flow
$3,295 income − $6,062 expenses = $2,767 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,295
Total Expenses
$6,062
Mortgage P&I
139%
$4,583
Property Taxes
9%
$306
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0