This property looks like a bad Long-Term investment with a projected -20.68% first-year return on $189k initial cash invested.
-20.68%
Cash On Cash
2.33%
Cap Rate
0.36
DSCR
$3,236
Rent
-$3,257
Cashflow
Cash Flow
$3,236 income − $6,493 expenses = $3,257 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
$3,236
Total Expenses
$6,493
Mortgage P&I
150%
$4,844
Property Taxes
15%
$492
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0