This property looks like a bad Long-Term investment with a projected -20.68% first-year return on $187k initial cash invested.
-20.68%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$3,704
Rent
-$3,221
Cashflow
Cash Flow
$3,704 income − $6,925 expenses = $3,221 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,704
Total Expenses
$6,925
Mortgage P&I
131%
$4,858
Property Taxes
19%
$699
Home Insurance
9%
$315
HOA
2%
$91
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0