This property looks like a bad Long-Term investment with a projected -19.93% first-year return on $180k initial cash invested.
-19.93%
Cash On Cash
2.57%
Cap Rate
0.4
DSCR
$3,867
Rent
-$2,989
Cashflow
Cash Flow
$3,867 income − $6,856 expenses = $2,989 out of pocket
Investment Breakdown
|
Purchase Price
$857k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$171k
Closing costs
1%
$8,570
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,867
Total Expenses
$6,856
Mortgage P&I
120%
$4,629
Property Taxes
23%
$893
Home Insurance
9%
$329
HOA
0%
$0
Property Management
10%
$387
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0