This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $188k initial cash invested.
-18.76%
Cash On Cash
2.71%
Cap Rate
0.43
DSCR
$4,228
Rent
-$2,942
Cashflow
Cash Flow
$4,228 income − $7,170 expenses = $2,942 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,228
Total Expenses
$7,170
Mortgage P&I
113%
$4,757
Property Taxes
20%
$830
Home Insurance
8%
$329
HOA
4%
$155
Property Management
10%
$423
CapEx
5%
$211
Vacancy
6%
$254
Maintenance
5%
$211
Other
0%
$0