This property looks like a bad Long-Term investment with a projected -14.87% first-year return on $187k initial cash invested.
-14.87%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$4,285
Rent
-$2,317
Cashflow
Cash Flow
$4,285 income − $6,602 expenses = $2,317 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,285
Total Expenses
$6,602
Mortgage P&I
105%
$4,505
Property Taxes
16%
$669
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0