This property looks like a bad Long-Term investment with a projected -18.12% first-year return on $191k initial cash invested.
-18.12%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$4,405
Rent
-$2,877
Cashflow
Cash Flow
$4,405 income − $7,282 expenses = $2,877 out of pocket
Investment Breakdown
|
Purchase Price
$908k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$182k
Closing costs
1%
$9,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,405
Total Expenses
$7,282
Mortgage P&I
112%
$4,928
Property Taxes
20%
$892
Home Insurance
7%
$318
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0