This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $188k initial cash invested.
-13.11%
Cash On Cash
4.07%
Cap Rate
0.63
DSCR
$5,510
Rent
-$2,054
Cashflow
Cash Flow
$5,510 income − $7,564 expenses = $2,054 out of pocket
Investment Breakdown
|
Purchase Price
$895k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,510
Total Expenses
$7,564
Mortgage P&I
87%
$4,811
Property Taxes
18%
$1,006
Home Insurance
6%
$313
HOA
0%
$0
Property Management
10%
$551
CapEx
5%
$276
Vacancy
6%
$331
Maintenance
5%
$276
Other
0%
$0