This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $182k initial cash invested.
-17.65%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$3,379
Rent
-$2,677
Cashflow
Cash Flow
$3,379 income − $6,056 expenses = $2,677 out of pocket
Investment Breakdown
|
Purchase Price
$867k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$173k
Closing costs
1%
$8,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,379
Total Expenses
$6,056
Mortgage P&I
131%
$4,439
Property Taxes
13%
$423
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0