This property looks like a bad Long-Term investment with a projected -22.71% first-year return on $186k initial cash invested.
-22.71%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$3,234
Rent
-$3,528
Cashflow
Cash Flow
$3,234 income − $6,762 expenses = $3,528 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%
$8,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,234
Total Expenses
$6,762
Mortgage P&I
148%
$4,794
Property Taxes
26%
$829
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0