This property looks like a bad Long-Term investment with a projected -22.09% first-year return on $185k initial cash invested.
-22.09%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$3,266
Rent
-$3,400
Cashflow
Cash Flow
$3,266 income − $6,666 expenses = $3,400 out of pocket
Investment Breakdown
|
Purchase Price
$880k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$176k
Closing costs
1%
$8,797
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,266
Total Expenses
$6,666
Mortgage P&I
144%
$4,689
Property Taxes
25%
$813
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0