This property looks like a bad Long-Term investment with a projected -22.94% first-year return on $189k initial cash invested.
-22.94%
Cash On Cash
1.88%
Cap Rate
0.29
DSCR
$2,243
Rent
-$3,613
Cashflow
Cash Flow
$2,243 income − $5,856 expenses = $3,613 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,243
Total Expenses
$5,856
Mortgage P&I
219%
$4,912
Property Taxes
2%
$46
Home Insurance
14%
$315
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0