This property looks like a bad Long-Term investment with a projected -16.6% first-year return on $180k initial cash invested.
-16.6%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$4,353
Rent
-$2,493
Cashflow
Cash Flow
$4,353 income − $6,846 expenses = $2,493 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,582
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,353
Total Expenses
$6,846
Mortgage P&I
108%
$4,716
Property Taxes
16%
$692
Home Insurance
7%
$306
HOA
0%
$0
Property Management
10%
$435
CapEx
5%
$218
Vacancy
6%
$261
Maintenance
5%
$218
Other
0%
$0