This property looks like a bad Long-Term investment with a projected -19.5% first-year return on $187k initial cash invested.
-19.5%
Cash On Cash
2.11%
Cap Rate
0.35
DSCR
$2,777
Rent
-$3,038
Cashflow
Cash Flow
$2,777 income − $5,815 expenses = $3,038 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,777
Total Expenses
$5,815
Mortgage P&I
161%
$4,467
Property Taxes
11%
$305
Home Insurance
12%
$320
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0