This property looks like a bad Long-Term investment with a projected -23.69% first-year return on $187k initial cash invested.
-23.69%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,472
Rent
-$3,685
Cashflow
Cash Flow
$2,472 income − $6,157 expenses = $3,685 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,472
Total Expenses
$6,157
Mortgage P&I
199%
$4,928
Property Taxes
11%
$275
Home Insurance
13%
$311
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0