This property looks like a bad Long-Term investment with a projected -12.31% first-year return on $189k initial cash invested.
-12.31%
Cash On Cash
3.93%
Cap Rate
0.64
DSCR
$5,254
Rent
-$1,939
Cashflow
Cash Flow
$5,254 income − $7,193 expenses = $1,939 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.7%
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
$5,254
Total Expenses
$7,193
Mortgage P&I
88%
$4,627
Property Taxes
17%
$885
Home Insurance
6%
$315
HOA
0%
$0
Property Management
10%
$525
CapEx
5%
$263
Vacancy
6%
$315
Maintenance
5%
$263
Other
0%
$0