This property looks like a bad Long-Term investment with a projected -19.83% first-year return on $184k initial cash invested.
-19.83%
Cash On Cash
2.75%
Cap Rate
0.41
DSCR
$3,417
Rent
-$3,036
Cashflow
Cash Flow
$3,417 income − $6,453 expenses = $3,036 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,417
Total Expenses
$6,453
Mortgage P&I
142%
$4,868
Property Taxes
11%
$390
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0