This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $188k initial cash invested.
-16.06%
Cash On Cash
2.82%
Cap Rate
0.48
DSCR
$3,880
Rent
-$2,517
Cashflow
Cash Flow
$3,880 income − $6,397 expenses = $2,517 out of pocket
Investment Breakdown
|
Purchase Price
$896k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,880
Total Expenses
$6,397
Mortgage P&I
114%
$4,428
Property Taxes
17%
$645
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0