This property looks like a bad Long-Term investment with a projected -21.78% first-year return on $189k initial cash invested.
-21.78%
Cash On Cash
2.02%
Cap Rate
0.32
DSCR
$3,327
Rent
-$3,427
Cashflow
Cash Flow
$3,327 income − $6,754 expenses = $3,427 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,327
Total Expenses
$6,754
Mortgage P&I
143%
$4,772
Property Taxes
24%
$802
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0