This property looks like a bad Long-Term investment with a projected -25.97% first-year return on $189k initial cash invested.
-25.97%
Cash On Cash
1.08%
Cap Rate
0.17
DSCR
$2,302
Rent
-$4,082
Cashflow
Cash Flow
$2,302 income − $6,384 expenses = $4,082 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,983
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,302
Total Expenses
$6,384
Mortgage P&I
207%
$4,776
Property Taxes
29%
$665
Home Insurance
15%
$345
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0