This property looks like a bad Long-Term investment with a projected -21.49% first-year return on $185k initial cash invested.
-21.49%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$3,107
Rent
-$3,309
Cashflow
Cash Flow
$3,107 income − $6,416 expenses = $3,309 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,107
Total Expenses
$6,416
Mortgage P&I
156%
$4,836
Property Taxes
15%
$458
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0