This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $184k initial cash invested.
-15.63%
Cash On Cash
3.21%
Cap Rate
0.52
DSCR
$4,590
Rent
-$2,394
Cashflow
Cash Flow
$4,590 income − $6,984 expenses = $2,394 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,590
Total Expenses
$6,984
Mortgage P&I
98%
$4,504
Property Taxes
21%
$980
Home Insurance
7%
$306
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$230
Vacancy
6%
$275
Maintenance
5%
$230
Other
0%
$0