This property looks like a bad Long-Term investment with a projected -21.09% first-year return on $185k initial cash invested.
-21.09%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$4,150
Rent
-$3,256
Cashflow
Cash Flow
$4,150 income − $7,406 expenses = $3,256 out of pocket
Investment Breakdown
|
Purchase Price
$882k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,823
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,150
Total Expenses
$7,406
Mortgage P&I
117%
$4,841
Property Taxes
28%
$1,176
Home Insurance
7%
$309
HOA
0%
$0
Property Management
10%
$415
CapEx
5%
$208
Vacancy
6%
$249
Maintenance
5%
$208
Other
0%
$0