This property looks like a bad Long-Term investment with a projected -22.96% first-year return on $189k initial cash invested.
-22.96%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$3,807
Rent
-$3,622
Cashflow
Cash Flow
$3,807 income − $7,429 expenses = $3,622 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,807
Total Expenses
$7,429
Mortgage P&I
127%
$4,828
Property Taxes
24%
$906
Home Insurance
9%
$325
HOA
10%
$381
Property Management
10%
$381
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0