This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $189k initial cash invested.
-18.83%
Cash On Cash
2.46%
Cap Rate
0.4
DSCR
$3,345
Rent
-$2,963
Cashflow
Cash Flow
$3,345 income − $6,308 expenses = $2,963 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,345
Total Expenses
$6,308
Mortgage P&I
139%
$4,638
Property Taxes
15%
$486
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0