This property looks like a bad Long-Term investment with a projected -17.47% first-year return on $190k initial cash invested.
-17.47%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$4,307
Rent
-$2,761
Cashflow
Cash Flow
$4,307 income − $7,068 expenses = $2,761 out of pocket
Investment Breakdown
|
Purchase Price
$903k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,307
Total Expenses
$7,068
Mortgage P&I
112%
$4,817
Property Taxes
19%
$800
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$431
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0