This property looks like a bad Long-Term investment with a projected -26.32% first-year return on $187k initial cash invested.
-26.32%
Cash On Cash
1.3%
Cap Rate
0.19
DSCR
$2,234
Rent
-$4,102
Cashflow
Cash Flow
$2,234 income − $6,336 expenses = $4,102 out of pocket
Investment Breakdown
|
Purchase Price
$891k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,234
Total Expenses
$6,336
Mortgage P&I
222%
$4,954
Property Taxes
21%
$477
Home Insurance
14%
$324
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0