This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $189k initial cash invested.
-17.7%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$4,402
Rent
-$2,785
Cashflow
Cash Flow
$4,402 income − $7,187 expenses = $2,785 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,402
Total Expenses
$7,187
Mortgage P&I
110%
$4,844
Property Taxes
20%
$884
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0