This property looks like a bad Long-Term investment with a projected -20.4% first-year return on $183k initial cash invested.
-20.4%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$3,802
Rent
-$3,105
Cashflow
Cash Flow
$3,802 income − $6,907 expenses = $3,105 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,802
Total Expenses
$6,907
Mortgage P&I
117%
$4,433
Property Taxes
31%
$1,182
Home Insurance
8%
$304
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0