This property looks like a bad Long-Term investment with a projected -16.38% first-year return on $185k initial cash invested.
-16.38%
Cash On Cash
3.72%
Cap Rate
0.54
DSCR
$4,113
Rent
-$2,525
Cashflow
Cash Flow
$4,113 income − $6,638 expenses = $2,525 out of pocket
Investment Breakdown
|
Purchase Price
$881k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,811
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,113
Total Expenses
$6,638
Mortgage P&I
123%
$5,049
Property Taxes
6%
$230
Home Insurance
7%
$289
HOA
0%
$0
Property Management
10%
$411
CapEx
5%
$206
Vacancy
6%
$247
Maintenance
5%
$206
Other
0%
$0