This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $188k initial cash invested.
-13.27%
Cash On Cash
4.08%
Cap Rate
0.63
DSCR
$5,360
Rent
-$2,080
Cashflow
Cash Flow
$5,360 income − $7,440 expenses = $2,080 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,360
Total Expenses
$7,440
Mortgage P&I
91%
$4,855
Property Taxes
16%
$876
Home Insurance
6%
$315
HOA
0%
$0
Property Management
10%
$536
CapEx
5%
$268
Vacancy
6%
$322
Maintenance
5%
$268
Other
0%
$0