This property looks like a bad Long-Term investment with a projected -23.69% first-year return on $180k initial cash invested.
-23.69%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$3,184
Rent
-$3,563
Cashflow
Cash Flow
$3,184 income − $6,747 expenses = $3,563 out of pocket
Investment Breakdown
|
Purchase Price
$859k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$172k
Closing costs
1%
$8,593
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,184
Total Expenses
$6,747
Mortgage P&I
147%
$4,670
Property Taxes
27%
$853
Home Insurance
10%
$306
HOA
3%
$91
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0