This property looks like a bad Long-Term investment with a projected -25.23% first-year return on $189k initial cash invested.
-25.23%
Cash On Cash
1.43%
Cap Rate
0.22
DSCR
$2,865
Rent
-$3,974
Cashflow
Cash Flow
$2,865 income − $6,839 expenses = $3,974 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,865
Total Expenses
$6,839
Mortgage P&I
171%
$4,906
Property Taxes
31%
$874
Home Insurance
11%
$315
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0