This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $189k initial cash invested.
-22.03%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$2,314
Rent
-$3,470
Cashflow
Cash Flow
$2,314 income − $5,784 expenses = $3,470 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,314
Total Expenses
$5,784
Mortgage P&I
203%
$4,691
Property Taxes
8%
$176
Home Insurance
14%
$315
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0