This property looks like a bad Long-Term investment with a projected -21.08% first-year return on $187k initial cash invested.
-21.08%
Cash On Cash
2.09%
Cap Rate
0.33
DSCR
$3,007
Rent
-$3,280
Cashflow
Cash Flow
$3,007 income − $6,287 expenses = $3,280 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,007
Total Expenses
$6,287
Mortgage P&I
156%
$4,676
Property Taxes
17%
$519
Home Insurance
10%
$311
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0