This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $188k initial cash invested.
-14.97%
Cash On Cash
3.8%
Cap Rate
0.57
DSCR
$4,204
Rent
-$2,345
Cashflow
Cash Flow
$4,204 income − $6,549 expenses = $2,345 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,204
Total Expenses
$6,549
Mortgage P&I
118%
$4,966
Property Taxes
4%
$178
Home Insurance
7%
$313
HOA
0%
$0
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0