This property looks like a bad Long-Term investment with a projected -22.22% first-year return on $191k initial cash invested.
-22.22%
Cash On Cash
2.2%
Cap Rate
0.33
DSCR
$3,349
Rent
-$3,533
Cashflow
Cash Flow
$3,349 income − $6,882 expenses = $3,533 out of pocket
Investment Breakdown
|
Purchase Price
$908k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$182k
Closing costs
1%
$9,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,349
Total Expenses
$6,882
Mortgage P&I
150%
$5,031
Property Taxes
14%
$478
Home Insurance
10%
$341
HOA
5%
$162
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0