This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $188k initial cash invested.
-20.24%
Cash On Cash
1.98%
Cap Rate
0.33
DSCR
$2,989
Rent
-$3,178
Cashflow
Cash Flow
$2,989 income − $6,167 expenses = $3,178 out of pocket
Investment Breakdown
|
Purchase Price
$897k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,989
Total Expenses
$6,167
Mortgage P&I
151%
$4,508
Property Taxes
18%
$543
Home Insurance
11%
$340
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0