This property looks like a bad Long-Term investment with a projected -17.35% first-year return on $187k initial cash invested.
-17.35%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$3,794
Rent
-$2,705
Cashflow
Cash Flow
$3,794 income − $6,499 expenses = $2,705 out of pocket
Investment Breakdown
|
Purchase Price
$891k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,794
Total Expenses
$6,499
Mortgage P&I
128%
$4,870
Property Taxes
8%
$310
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$379
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0