This property looks like a bad Long-Term investment with a projected -20.83% first-year return on $186k initial cash invested.
-20.83%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$4,038
Rent
-$3,229
Cashflow
Cash Flow
$4,038 income − $7,267 expenses = $3,229 out of pocket
Investment Breakdown
|
Purchase Price
$886k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,038
Total Expenses
$7,267
Mortgage P&I
119%
$4,790
Property Taxes
28%
$1,114
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0