This property looks like a bad Long-Term investment with a projected -24.09% first-year return on $190k initial cash invested.
-24.09%
Cash On Cash
1.46%
Cap Rate
0.23
DSCR
$2,139
Rent
-$3,811
Cashflow
Cash Flow
$2,139 income − $5,950 expenses = $3,811 out of pocket
Investment Breakdown
|
Purchase Price
$904k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,040
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,139
Total Expenses
$5,950
Mortgage P&I
225%
$4,805
Property Taxes
12%
$257
Home Insurance
16%
$332
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0