This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $190k initial cash invested.
-21.8%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$3,688
Rent
-$3,457
Cashflow
Cash Flow
$3,688 income − $7,145 expenses = $3,457 out of pocket
Investment Breakdown
|
Purchase Price
$906k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,688
Total Expenses
$7,145
Mortgage P&I
135%
$4,961
Property Taxes
24%
$902
Home Insurance
9%
$324
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0