This property looks like a bad Long-Term investment with a projected -20.34% first-year return on $188k initial cash invested.
-20.34%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$3,798
Rent
-$3,186
Cashflow
Cash Flow
$3,798 income − $6,984 expenses = $3,186 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,798
Total Expenses
$6,984
Mortgage P&I
131%
$4,957
Property Taxes
19%
$726
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0