This property looks like a bad Long-Term investment with a projected -16.29% first-year return on $189k initial cash invested.
-16.29%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$4,333
Rent
-$2,569
Cashflow
Cash Flow
$4,333 income − $6,902 expenses = $2,569 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,333
Total Expenses
$6,902
Mortgage P&I
111%
$4,800
Property Taxes
12%
$533
Home Insurance
7%
$324
HOA
3%
$118
Property Management
10%
$433
CapEx
5%
$217
Vacancy
6%
$260
Maintenance
5%
$217
Other
0%
$0