This property looks like a bad Long-Term investment with a projected -25.93% first-year return on $188k initial cash invested.
-25.93%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$1,244
Rent
-$4,062
Cashflow
Cash Flow
$1,244 income − $5,306 expenses = $4,062 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,244
Total Expenses
$5,306
Mortgage P&I
367%
$4,562
Property Taxes
9%
$108
Home Insurance
25%
$313
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0