This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $188k initial cash invested.
-19.01%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$4,922
Rent
-$2,981
Cashflow
Cash Flow
$4,922 income − $7,903 expenses = $2,981 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,962
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,922
Total Expenses
$7,903
Mortgage P&I
99%
$4,858
Property Taxes
30%
$1,460
Home Insurance
6%
$306
HOA
0%
$0
Property Management
10%
$492
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0