This property looks like a bad Long-Term investment with a projected -22.33% first-year return on $188k initial cash invested.
-22.33%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$3,785
Rent
-$3,498
Cashflow
Cash Flow
$3,785 income − $7,283 expenses = $3,498 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,785
Total Expenses
$7,283
Mortgage P&I
129%
$4,891
Property Taxes
29%
$1,096
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0