This property looks like a bad Long-Term investment with a projected -11.53% first-year return on $185k initial cash invested.
-11.53%
Cash On Cash
3.99%
Cap Rate
0.66
DSCR
$4,687
Rent
-$1,774
Cashflow
Cash Flow
$4,687 income − $6,461 expenses = $1,774 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,687
Total Expenses
$6,461
Mortgage P&I
95%
$4,466
Property Taxes
10%
$454
Home Insurance
7%
$308
HOA
0%
$15
Property Management
10%
$469
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0