This property looks like a bad Long-Term investment with a projected -22.32% first-year return on $189k initial cash invested.
-22.32%
Cash On Cash
1.72%
Cap Rate
0.28
DSCR
$3,052
Rent
-$3,515
Cashflow
Cash Flow
$3,052 income − $6,567 expenses = $3,515 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,052
Total Expenses
$6,567
Mortgage P&I
152%
$4,652
Property Taxes
26%
$806
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0