This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $182k initial cash invested.
-16.62%
Cash On Cash
2.84%
Cap Rate
0.47
DSCR
$3,849
Rent
-$2,525
Cashflow
Cash Flow
$3,849 income − $6,374 expenses = $2,525 out of pocket
Investment Breakdown
|
Purchase Price
$868k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$174k
Closing costs
1%
$8,684
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,849
Total Expenses
$6,374
Mortgage P&I
114%
$4,391
Property Taxes
18%
$676
Home Insurance
8%
$307
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0