This property looks like a bad Long-Term investment with a projected -24.58% first-year return on $188k initial cash invested.
-24.58%
Cash On Cash
1.3%
Cap Rate
0.21
DSCR
$1,828
Rent
-$3,850
Cashflow
Cash Flow
$1,828 income − $5,678 expenses = $3,850 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,828
Total Expenses
$5,678
Mortgage P&I
259%
$4,730
Property Taxes
8%
$149
Home Insurance
18%
$324
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0