This property looks like a bad Long-Term investment with a projected -23.58% first-year return on $187k initial cash invested.
-23.58%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$2,538
Rent
-$3,668
Cashflow
Cash Flow
$2,538 income − $6,206 expenses = $3,668 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,538
Total Expenses
$6,206
Mortgage P&I
193%
$4,906
Property Taxes
13%
$320
Home Insurance
13%
$320
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0