This property looks like a bad Long-Term investment with a projected -20.43% first-year return on $187k initial cash invested.
-20.43%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$3,562
Rent
-$3,179
Cashflow
Cash Flow
$3,562 income − $6,741 expenses = $3,179 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,562
Total Expenses
$6,741
Mortgage P&I
137%
$4,892
Property Taxes
16%
$582
Home Insurance
10%
$341
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0