This property looks like a bad Long-Term investment with a projected -21.47% first-year return on $189k initial cash invested.
-21.47%
Cash On Cash
2.2%
Cap Rate
0.34
DSCR
$3,598
Rent
-$3,381
Cashflow
Cash Flow
$3,598 income − $6,979 expenses = $3,381 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,598
Total Expenses
$6,979
Mortgage P&I
135%
$4,850
Property Taxes
24%
$878
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0