This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $181k initial cash invested.
-17.44%
Cash On Cash
2.57%
Cap Rate
0.43
DSCR
$3,539
Rent
-$2,624
Cashflow
Cash Flow
$3,539 income − $6,163 expenses = $2,624 out of pocket
Investment Breakdown
|
Purchase Price
$860k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,539
Total Expenses
$6,163
Mortgage P&I
121%
$4,291
Property Taxes
20%
$698
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0