This property looks like a bad Long-Term investment with a projected -24.01% first-year return on $188k initial cash invested.
-24.01%
Cash On Cash
1.53%
Cap Rate
0.24
DSCR
$2,558
Rent
-$3,755
Cashflow
Cash Flow
$2,558 income − $6,313 expenses = $3,755 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,558
Total Expenses
$6,313
Mortgage P&I
186%
$4,766
Property Taxes
19%
$498
Home Insurance
13%
$324
HOA
2%
$60
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0