This property looks like a bad Long-Term investment with a projected -14.16% first-year return on $181k initial cash invested.
-14.16%
Cash On Cash
3.41%
Cap Rate
0.56
DSCR
$4,844
Rent
-$2,135
Cashflow
Cash Flow
$4,844 income − $6,979 expenses = $2,135 out of pocket
Investment Breakdown
|
Purchase Price
$862k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$172k
Closing costs
1%
$8,618
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,844
Total Expenses
$6,979
Mortgage P&I
90%
$4,345
Property Taxes
22%
$1,077
Home Insurance
6%
$298
HOA
0%
$0
Property Management
10%
$484
CapEx
5%
$242
Vacancy
6%
$291
Maintenance
5%
$242
Other
0%
$0