This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $180k initial cash invested.
-15.58%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$4,605
Rent
-$2,338
Cashflow
Cash Flow
$4,605 income − $6,943 expenses = $2,338 out of pocket
Investment Breakdown
|
Purchase Price
$857k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$171k
Closing costs
1%
$8,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,605
Total Expenses
$6,943
Mortgage P&I
100%
$4,620
Property Taxes
18%
$829
Home Insurance
6%
$298
HOA
0%
$0
Property Management
10%
$460
CapEx
5%
$230
Vacancy
6%
$276
Maintenance
5%
$230
Other
0%
$0