This property looks like a bad Long-Term investment with a projected -20.55% first-year return on $182k initial cash invested.
-20.55%
Cash On Cash
1.87%
Cap Rate
0.31
DSCR
$2,620
Rent
-$3,111
Cashflow
Cash Flow
$2,620 income − $5,731 expenses = $3,111 out of pocket
Investment Breakdown
|
Purchase Price
$865k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,620
Total Expenses
$5,731
Mortgage P&I
165%
$4,327
Property Taxes
16%
$420
Home Insurance
12%
$303
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0