This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $184k initial cash invested.
-14.68%
Cash On Cash
3.31%
Cap Rate
0.54
DSCR
$4,420
Rent
-$2,246
Cashflow
Cash Flow
$4,420 income − $6,666 expenses = $2,246 out of pocket
Investment Breakdown
|
Purchase Price
$874k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,741
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,420
Total Expenses
$6,666
Mortgage P&I
100%
$4,436
Property Taxes
19%
$819
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$442
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0