This property looks like a bad Long-Term investment with a projected -18.75% first-year return on $189k initial cash invested.
-18.75%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$4,076
Rent
-$2,950
Cashflow
Cash Flow
$4,076 income − $7,026 expenses = $2,950 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,076
Total Expenses
$7,026
Mortgage P&I
119%
$4,856
Property Taxes
19%
$794
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0