This property looks like a bad Long-Term investment with a projected -22.19% first-year return on $188k initial cash invested.
-22.19%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$2,446
Rent
-$3,477
Cashflow
Cash Flow
$2,446 income − $5,923 expenses = $3,477 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,953
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,446
Total Expenses
$5,923
Mortgage P&I
187%
$4,563
Property Taxes
14%
$340
Home Insurance
13%
$324
HOA
2%
$60
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0