This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $184k initial cash invested.
-20.26%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$3,651
Rent
-$3,102
Cashflow
Cash Flow
$3,651 income − $6,753 expenses = $3,102 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,651
Total Expenses
$6,753
Mortgage P&I
128%
$4,666
Property Taxes
23%
$831
Home Insurance
8%
$306
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0