This property looks like a bad Long-Term investment with a projected -15.07% first-year return on $190k initial cash invested.
-15.07%
Cash On Cash
3.74%
Cap Rate
0.57
DSCR
$4,763
Rent
-$2,389
Cashflow
Cash Flow
$4,763 income − $7,152 expenses = $2,389 out of pocket
Investment Breakdown
|
Purchase Price
$906k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,056
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,763
Total Expenses
$7,152
Mortgage P&I
104%
$4,973
Property Taxes
13%
$617
Home Insurance
7%
$324
HOA
0%
$0
Property Management
10%
$476
CapEx
5%
$238
Vacancy
6%
$286
Maintenance
5%
$238
Other
0%
$0