This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $189k initial cash invested.
-17.82%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$4,228
Rent
-$2,804
Cashflow
Cash Flow
$4,228 income − $7,032 expenses = $2,804 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,228
Total Expenses
$7,032
Mortgage P&I
111%
$4,704
Property Taxes
22%
$914
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$423
CapEx
5%
$211
Vacancy
6%
$254
Maintenance
5%
$211
Other
0%
$0