This property looks like a bad Long-Term investment with a projected -19.94% first-year return on $184k initial cash invested.
-19.94%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$4,199
Rent
-$3,050
Cashflow
Cash Flow
$4,199 income − $7,249 expenses = $3,050 out of pocket
Investment Breakdown
|
Purchase Price
$874k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,199
Total Expenses
$7,249
Mortgage P&I
111%
$4,680
Property Taxes
18%
$772
Home Insurance
7%
$306
HOA
10%
$399
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0