This property looks like a bad Long-Term investment with a projected -19.94% first-year return on $189k initial cash invested.
-19.94%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$2,754
Rent
-$3,140
Cashflow
Cash Flow
$2,754 income − $5,894 expenses = $3,140 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,754
Total Expenses
$5,894
Mortgage P&I
165%
$4,545
Property Taxes
12%
$318
Home Insurance
11%
$315
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0