This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $189k initial cash invested.
-20.24%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$3,541
Rent
-$3,188
Cashflow
Cash Flow
$3,541 income − $6,729 expenses = $3,188 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
$3,541
Total Expenses
$6,729
Mortgage P&I
137%
$4,851
Property Taxes
18%
$643
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0