This property looks like a bad Long-Term investment with a projected -18.93% first-year return on $189k initial cash invested.
-18.93%
Cash On Cash
2.35%
Cap Rate
0.39
DSCR
$3,221
Rent
-$2,986
Cashflow
Cash Flow
$3,221 income − $6,207 expenses = $2,986 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,221
Total Expenses
$6,207
Mortgage P&I
143%
$4,594
Property Taxes
14%
$452
Home Insurance
10%
$324
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0