This property looks like a bad Long-Term investment with a projected -22.95% first-year return on $186k initial cash invested.
-22.95%
Cash On Cash
1.9%
Cap Rate
0.29
DSCR
$3,282
Rent
-$3,567
Cashflow
Cash Flow
$3,282 income − $6,849 expenses = $3,567 out of pocket
Investment Breakdown
|
Purchase Price
$888k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$178k
Closing costs
1%
$8,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,282
Total Expenses
$6,849
Mortgage P&I
147%
$4,812
Property Taxes
27%
$873
Home Insurance
9%
$311
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0