This property looks like a bad Long-Term investment with a projected -22.07% first-year return on $189k initial cash invested.
-22.07%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$4,376
Rent
-$3,476
Cashflow
Cash Flow
$4,376 income − $7,852 expenses = $3,476 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,376
Total Expenses
$7,852
Mortgage P&I
112%
$4,911
Property Taxes
20%
$877
Home Insurance
7%
$315
HOA
14%
$610
Property Management
10%
$438
CapEx
5%
$219
Vacancy
6%
$263
Maintenance
5%
$219
Other
0%
$0