This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $187k initial cash invested.
-18.26%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$4,301
Rent
-$2,850
Cashflow
Cash Flow
$4,301 income − $7,151 expenses = $2,850 out of pocket
Investment Breakdown
|
Purchase Price
$892k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,917
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,301
Total Expenses
$7,151
Mortgage P&I
113%
$4,879
Property Taxes
20%
$851
Home Insurance
7%
$303
HOA
0%
$0
Property Management
10%
$430
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0