This property looks like a bad Long-Term investment with a projected -17.4% first-year return on $187k initial cash invested.
-17.4%
Cash On Cash
3.16%
Cap Rate
0.49
DSCR
$4,456
Rent
-$2,715
Cashflow
Cash Flow
$4,456 income − $7,171 expenses = $2,715 out of pocket
Investment Breakdown
|
Purchase Price
$892k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,915
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,456
Total Expenses
$7,171
Mortgage P&I
109%
$4,839
Property Taxes
19%
$858
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$446
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0