This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $186k initial cash invested.
-18.66%
Cash On Cash
2.4%
Cap Rate
0.39
DSCR
$3,451
Rent
-$2,890
Cashflow
Cash Flow
$3,451 income − $6,341 expenses = $2,890 out of pocket
Investment Breakdown
|
Purchase Price
$885k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,451
Total Expenses
$6,341
Mortgage P&I
130%
$4,489
Property Taxes
19%
$644
Home Insurance
9%
$310
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0