This property looks like a bad Long-Term investment with a projected -22.28% first-year return on $187k initial cash invested.
-22.28%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$4,150
Rent
-$3,471
Cashflow
Cash Flow
$4,150 income − $7,621 expenses = $3,471 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,150
Total Expenses
$7,621
Mortgage P&I
119%
$4,923
Property Taxes
31%
$1,305
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$415
CapEx
5%
$208
Vacancy
6%
$249
Maintenance
5%
$208
Other
0%
$0