This property looks like a bad Long-Term investment with a projected -22.44% first-year return on $189k initial cash invested.
-22.44%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$3,384
Rent
-$3,534
Cashflow
Cash Flow
$3,384 income − $6,918 expenses = $3,534 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
$3,384
Total Expenses
$6,918
Mortgage P&I
143%
$4,839
Property Taxes
26%
$885
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0