This property looks like a bad Long-Term investment with a projected -23.41% first-year return on $187k initial cash invested.
-23.41%
Cash On Cash
1.96%
Cap Rate
0.29
DSCR
$2,820
Rent
-$3,646
Cashflow
Cash Flow
$2,820 income − $6,466 expenses = $3,646 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,820
Total Expenses
$6,466
Mortgage P&I
176%
$4,960
Property Taxes
6%
$161
Home Insurance
11%
$312
HOA
11%
$300
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0