This property looks like a bad Long-Term investment with a projected -20.8% first-year return on $189k initial cash invested.
-20.8%
Cash On Cash
2.48%
Cap Rate
0.37
DSCR
$3,109
Rent
-$3,270
Cashflow
Cash Flow
$3,109 income − $6,379 expenses = $3,270 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,109
Total Expenses
$6,379
Mortgage P&I
160%
$4,975
Property Taxes
9%
$272
Home Insurance
10%
$324
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$187
Maintenance
5%
$155
Other
0%
$0