This property looks like a bad Long-Term investment with a projected -19.86% first-year return on $183k initial cash invested.
-19.86%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$3,441
Rent
-$3,024
Cashflow
Cash Flow
$3,441 income − $6,465 expenses = $3,024 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,441
Total Expenses
$6,465
Mortgage P&I
136%
$4,686
Property Taxes
15%
$530
Home Insurance
8%
$276
HOA
2%
$79
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0