This property looks like a bad Long-Term investment with a projected -33.28% first-year return on $189k initial cash invested.
-33.28%
Cash On Cash
-0.11%
Cap Rate
-0.02
DSCR
$1,606
Rent
-$5,236
Cashflow
Cash Flow
$1,606 income − $6,842 expenses = $5,236 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,606
Total Expenses
$6,842
Mortgage P&I
316%
$5,076
Property Taxes
64%
$1,034
Home Insurance
20%
$315
HOA
0%
$0
Property Management
10%
$161
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0