This property looks like a bad Long-Term investment with a projected -17.73% first-year return on $185k initial cash invested.
-17.73%
Cash On Cash
2.63%
Cap Rate
0.43
DSCR
$3,858
Rent
-$2,730
Cashflow
Cash Flow
$3,858 income − $6,588 expenses = $2,730 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,858
Total Expenses
$6,588
Mortgage P&I
116%
$4,466
Property Taxes
21%
$811
Home Insurance
8%
$308
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0