This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $190k initial cash invested.
-16.83%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$4,659
Rent
-$2,666
Cashflow
Cash Flow
$4,659 income − $7,325 expenses = $2,666 out of pocket
Investment Breakdown
|
Purchase Price
$905k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,051
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,659
Total Expenses
$7,325
Mortgage P&I
105%
$4,914
Property Taxes
19%
$884
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$466
CapEx
5%
$233
Vacancy
6%
$280
Maintenance
5%
$233
Other
0%
$0