This property looks like a bad Long-Term investment with a projected -22.76% first-year return on $187k initial cash invested.
-22.76%
Cash On Cash
1.73%
Cap Rate
0.27
DSCR
$2,362
Rent
-$3,544
Cashflow
Cash Flow
$2,362 income − $5,906 expenses = $3,544 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,362
Total Expenses
$5,906
Mortgage P&I
199%
$4,711
Property Taxes
15%
$359
Home Insurance
9%
$222
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0