This property looks like a bad Long-Term investment with a projected -23.02% first-year return on $182k initial cash invested.
-23.02%
Cash On Cash
1.77%
Cap Rate
0.28
DSCR
$3,039
Rent
-$3,497
Cashflow
Cash Flow
$3,039 income − $6,536 expenses = $3,497 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$174k
Closing costs
1%
$8,681
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,039
Total Expenses
$6,536
Mortgage P&I
152%
$4,629
Property Taxes
26%
$802
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0