This property looks like a bad Long-Term investment with a projected -21.1% first-year return on $189k initial cash invested.
-21.1%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$3,554
Rent
-$3,320
Cashflow
Cash Flow
$3,554 income − $6,874 expenses = $3,320 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
$3,554
Total Expenses
$6,874
Mortgage P&I
134%
$4,773
Property Taxes
24%
$862
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0