This property looks like a bad Long-Term investment with a projected -17.01% first-year return on $190k initial cash invested.
-17.01%
Cash On Cash
3.3%
Cap Rate
0.51
DSCR
$5,254
Rent
-$2,690
Cashflow
Cash Flow
$5,254 income − $7,944 expenses = $2,690 out of pocket
Investment Breakdown
|
Purchase Price
$904k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,037
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,254
Total Expenses
$7,944
Mortgage P&I
94%
$4,915
Property Taxes
26%
$1,355
Home Insurance
6%
$308
HOA
0%
$0
Property Management
10%
$525
CapEx
5%
$263
Vacancy
6%
$315
Maintenance
5%
$263
Other
0%
$0