This property looks like a bad Long-Term investment with a projected -22.13% first-year return on $189k initial cash invested.
-22.13%
Cash On Cash
1.76%
Cap Rate
0.28
DSCR
$2,594
Rent
-$3,486
Cashflow
Cash Flow
$2,594 income − $6,080 expenses = $3,486 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%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,594
Total Expenses
$6,080
Mortgage P&I
180%
$4,674
Property Taxes
16%
$416
Home Insurance
12%
$315
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0