This property looks like a bad Long-Term investment with a projected -28.64% first-year return on $180k initial cash invested.
-28.64%
Cash On Cash
0.8%
Cap Rate
0.12
DSCR
$2,506
Rent
-$4,300
Cashflow
Cash Flow
$2,506 income − $6,806 expenses = $4,300 out of pocket
Investment Breakdown
|
Purchase Price
$858k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,506
Total Expenses
$6,806
Mortgage P&I
189%
$4,748
Property Taxes
35%
$865
Home Insurance
22%
$542
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0