This property looks like a bad Long-Term investment with a projected -18.06% first-year return on $189k initial cash invested.
-18.06%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$4,411
Rent
-$2,848
Cashflow
Cash Flow
$4,411 income − $7,259 expenses = $2,848 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,411
Total Expenses
$7,259
Mortgage P&I
114%
$5,014
Property Taxes
17%
$761
Home Insurance
8%
$336
HOA
0%
$0
Property Management
10%
$441
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0