This property looks like a bad Long-Term investment with a projected -22.13% first-year return on $184k initial cash invested.
-22.13%
Cash On Cash
2.15%
Cap Rate
0.33
DSCR
$3,351
Rent
-$3,388
Cashflow
Cash Flow
$3,351 income − $6,739 expenses = $3,388 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,351
Total Expenses
$6,739
Mortgage P&I
143%
$4,788
Property Taxes
23%
$773
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0