This property looks like a bad Long-Term investment with a projected -19.85% first-year return on $184k initial cash invested.
-19.85%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$4,031
Rent
-$3,042
Cashflow
Cash Flow
$4,031 income − $7,073 expenses = $3,042 out of pocket
Investment Breakdown
|
Purchase Price
$876k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,758
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,031
Total Expenses
$7,073
Mortgage P&I
118%
$4,771
Property Taxes
23%
$924
Home Insurance
8%
$329
HOA
0%
$0
Property Management
10%
$403
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0