This property looks like a bad Long-Term investment with a projected -18.31% first-year return on $181k initial cash invested.
-18.31%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$3,948
Rent
-$2,769
Cashflow
Cash Flow
$3,948 income − $6,717 expenses = $2,769 out of pocket
Investment Breakdown
|
Purchase Price
$864k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$173k
Closing costs
1%
$8,641
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,948
Total Expenses
$6,717
Mortgage P&I
117%
$4,606
Property Taxes
20%
$781
Home Insurance
8%
$304
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0