This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $188k initial cash invested.
-19.05%
Cash On Cash
2.87%
Cap Rate
0.43
DSCR
$3,983
Rent
-$2,991
Cashflow
Cash Flow
$3,983 income − $6,974 expenses = $2,991 out of pocket
Investment Breakdown
|
Purchase Price
$897k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,983
Total Expenses
$6,974
Mortgage P&I
124%
$4,938
Property Taxes
18%
$716
Home Insurance
7%
$285
HOA
0%
$0
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0