This property looks like a bad Long-Term investment with a projected -27.29% first-year return on $189k initial cash invested.
-27.29%
Cash On Cash
0.38%
Cap Rate
0.06
DSCR
$1,215
Rent
-$4,297
Cashflow
Cash Flow
$1,215 income − $5,512 expenses = $4,297 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,215
Total Expenses
$5,512
Mortgage P&I
372%
$4,520
Property Taxes
30%
$360
Home Insurance
26%
$315
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0