This property looks like a bad Long-Term investment with a projected -19.36% first-year return on $190k initial cash invested.
-19.36%
Cash On Cash
2.58%
Cap Rate
0.41
DSCR
$4,707
Rent
-$3,066
Cashflow
Cash Flow
$4,707 income − $7,773 expenses = $3,066 out of pocket
Investment Breakdown
|
Purchase Price
$905k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,707
Total Expenses
$7,773
Mortgage P&I
101%
$4,774
Property Taxes
28%
$1,309
Home Insurance
7%
$350
HOA
2%
$117
Property Management
10%
$471
CapEx
5%
$235
Vacancy
6%
$282
Maintenance
5%
$235
Other
0%
$0