This property looks like a bad Long-Term investment with a projected -26.67% first-year return on $189k initial cash invested.
-26.67%
Cash On Cash
0.97%
Cap Rate
0.15
DSCR
$2,009
Rent
-$4,201
Cashflow
Cash Flow
$2,009 income − $6,210 expenses = $4,201 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
$2,009
Total Expenses
$6,210
Mortgage P&I
240%
$4,825
Property Taxes
27%
$548
Home Insurance
16%
$315
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0