This property looks like a bad Long-Term investment with a projected -18.8% first-year return on $187k initial cash invested.
-18.8%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$3,857
Rent
-$2,925
Cashflow
Cash Flow
$3,857 income − $6,782 expenses = $2,925 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,857
Total Expenses
$6,782
Mortgage P&I
125%
$4,831
Property Taxes
17%
$637
Home Insurance
8%
$311
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0