This property looks like a bad Long-Term investment with a projected -15.1% first-year return on $189k initial cash invested.
-15.1%
Cash On Cash
3.27%
Cap Rate
0.53
DSCR
$4,747
Rent
-$2,382
Cashflow
Cash Flow
$4,747 income − $7,129 expenses = $2,382 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,012
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,747
Total Expenses
$7,129
Mortgage P&I
97%
$4,598
Property Taxes
21%
$996
Home Insurance
6%
$301
HOA
0%
$0
Property Management
10%
$475
CapEx
5%
$237
Vacancy
6%
$285
Maintenance
5%
$237
Other
0%
$0