This property looks like a bad Long-Term investment with a projected -11.17% first-year return on $184k initial cash invested.
-11.17%
Cash On Cash
4.18%
Cap Rate
0.68
DSCR
$5,366
Rent
-$1,718
Cashflow
Cash Flow
$5,366 income − $7,084 expenses = $1,718 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$176k
Closing costs
1%
$8,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,366
Total Expenses
$7,084
Mortgage P&I
84%
$4,511
Property Taxes
16%
$867
Home Insurance
6%
$311
HOA
0%
$0
Property Management
10%
$537
CapEx
5%
$268
Vacancy
6%
$322
Maintenance
5%
$268
Other
0%
$0