This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $183k initial cash invested.
-18.63%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$3,563
Rent
-$2,836
Cashflow
Cash Flow
$3,563 income − $6,399 expenses = $2,836 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,563
Total Expenses
$6,399
Mortgage P&I
134%
$4,781
Property Taxes
11%
$377
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0