This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $188k initial cash invested.
-16.06%
Cash On Cash
2.98%
Cap Rate
0.49
DSCR
$3,935
Rent
-$2,512
Cashflow
Cash Flow
$3,935 income − $6,447 expenses = $2,512 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,935
Total Expenses
$6,447
Mortgage P&I
115%
$4,537
Property Taxes
15%
$571
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0