This property looks like a bad Long-Term investment with a projected -17.87% first-year return on $189k initial cash invested.
-17.87%
Cash On Cash
2.61%
Cap Rate
0.43
DSCR
$4,057
Rent
-$2,811
Cashflow
Cash Flow
$4,057 income − $6,868 expenses = $2,811 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,057
Total Expenses
$6,868
Mortgage P&I
112%
$4,563
Property Taxes
23%
$935
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0