This property looks like a bad Long-Term investment with a projected -20.84% first-year return on $189k initial cash invested.
-20.84%
Cash On Cash
2.46%
Cap Rate
0.37
DSCR
$3,365
Rent
-$3,279
Cashflow
Cash Flow
$3,365 income − $6,644 expenses = $3,279 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,365
Total Expenses
$6,644
Mortgage P&I
147%
$4,954
Property Taxes
15%
$501
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0