This property looks like a bad Long-Term investment with a projected -21.46% first-year return on $183k initial cash invested.
-21.46%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$3,555
Rent
-$3,270
Cashflow
Cash Flow
$3,555 income − $6,825 expenses = $3,270 out of pocket
Investment Breakdown
|
Purchase Price
$871k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,555
Total Expenses
$6,825
Mortgage P&I
134%
$4,766
Property Taxes
24%
$836
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0