This property looks like a bad Long-Term investment with a projected -21.35% first-year return on $187k initial cash invested.
-21.35%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$3,680
Rent
-$3,321
Cashflow
Cash Flow
$3,680 income − $7,001 expenses = $3,321 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,680
Total Expenses
$7,001
Mortgage P&I
129%
$4,759
Property Taxes
25%
$937
Home Insurance
9%
$348
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0