This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $181k initial cash invested.
-19.72%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$3,716
Rent
-$2,977
Cashflow
Cash Flow
$3,716 income − $6,693 expenses = $2,977 out of pocket
Investment Breakdown
|
Purchase Price
$863k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$173k
Closing costs
1%
$8,628
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,716
Total Expenses
$6,693
Mortgage P&I
124%
$4,611
Property Taxes
22%
$809
Home Insurance
8%
$306
HOA
0%
$0
Property Management
10%
$372
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0