This property looks like a bad Long-Term investment with a projected -19.59% first-year return on $186k initial cash invested.
-19.59%
Cash On Cash
2.81%
Cap Rate
0.42
DSCR
$4,040
Rent
-$3,039
Cashflow
Cash Flow
$4,040 income − $7,079 expenses = $3,039 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,864
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,040
Total Expenses
$7,079
Mortgage P&I
122%
$4,912
Property Taxes
20%
$802
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0