This property looks like a bad Long-Term investment with a projected -19.37% first-year return on $189k initial cash invested.
-19.37%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$3,875
Rent
-$3,048
Cashflow
Cash Flow
$3,875 income − $6,923 expenses = $3,048 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,875
Total Expenses
$6,923
Mortgage P&I
127%
$4,907
Property Taxes
18%
$684
Home Insurance
8%
$324
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$232
Maintenance
5%
$194
Other
0%
$0