This property looks like a bad Long-Term investment with a projected -22.89% first-year return on $189k initial cash invested.
-22.89%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$2,501
Rent
-$3,604
Cashflow
Cash Flow
$2,501 income − $6,105 expenses = $3,604 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,501
Total Expenses
$6,105
Mortgage P&I
193%
$4,830
Property Taxes
12%
$310
Home Insurance
13%
$315
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0