This property looks like a bad Long-Term investment with a projected -24.77% first-year return on $184k initial cash invested.
-24.77%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$3,367
Rent
-$3,793
Cashflow
Cash Flow
$3,367 income − $7,160 expenses = $3,793 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,367
Total Expenses
$7,160
Mortgage P&I
133%
$4,469
Property Taxes
45%
$1,510
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0