This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $189k initial cash invested.
-23.12%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$2,333
Rent
-$3,641
Cashflow
Cash Flow
$2,333 income − $5,974 expenses = $3,641 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,333
Total Expenses
$5,974
Mortgage P&I
198%
$4,615
Property Taxes
19%
$437
Home Insurance
14%
$315
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0