This property looks like a bad Long-Term investment with a projected -20.59% first-year return on $189k initial cash invested.
-20.59%
Cash On Cash
2.53%
Cap Rate
0.38
DSCR
$3,309
Rent
-$3,250
Cashflow
Cash Flow
$3,309 income − $6,559 expenses = $3,250 out of pocket
Investment Breakdown
|
Purchase Price
$902k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,309
Total Expenses
$6,559
Mortgage P&I
151%
$4,988
Property Taxes
12%
$413
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$199
Maintenance
5%
$165
Other
0%
$0