This property looks like a bad Long-Term investment with a projected -26.68% first-year return on $184k initial cash invested.
-26.68%
Cash On Cash
1.11%
Cap Rate
0.17
DSCR
$2,803
Rent
-$4,102
Cashflow
Cash Flow
$2,803 income − $6,905 expenses = $4,102 out of pocket
Investment Breakdown
|
Purchase Price
$879k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$176k
Closing costs
1%
$8,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,803
Total Expenses
$6,905
Mortgage P&I
170%
$4,773
Property Taxes
38%
$1,079
Home Insurance
12%
$325
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0