This property looks like a bad Long-Term investment with a projected -23.48% first-year return on $187k initial cash invested.
-23.48%
Cash On Cash
1.78%
Cap Rate
0.27
DSCR
$2,306
Rent
-$3,651
Cashflow
Cash Flow
$2,306 income − $5,957 expenses = $3,651 out of pocket
Investment Breakdown
|
Purchase Price
$888k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,306
Total Expenses
$5,957
Mortgage P&I
210%
$4,854
Property Taxes
7%
$172
Home Insurance
14%
$332
HOA
0%
$0
Property Management
10%
$231
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0