This property looks like a bad Long-Term investment with a projected -18.53% first-year return on $189k initial cash invested.
-18.53%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$4,322
Rent
-$2,916
Cashflow
Cash Flow
$4,322 income − $7,238 expenses = $2,916 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,994
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,322
Total Expenses
$7,238
Mortgage P&I
113%
$4,894
Property Taxes
20%
$880
Home Insurance
8%
$341
HOA
0%
$0
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0