This property looks like a bad Long-Term investment with a projected -20.95% first-year return on $186k initial cash invested.
-20.95%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$4,264
Rent
-$3,253
Cashflow
Cash Flow
$4,264 income − $7,517 expenses = $3,253 out of pocket
Investment Breakdown
|
Purchase Price
$887k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$177k
Closing costs
1%
$8,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,264
Total Expenses
$7,517
Mortgage P&I
106%
$4,531
Property Taxes
35%
$1,499
Home Insurance
8%
$322
HOA
1%
$57
Property Management
10%
$426
CapEx
5%
$213
Vacancy
6%
$256
Maintenance
5%
$213
Other
0%
$0