This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $188k initial cash invested.
-18.62%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$3,747
Rent
-$2,911
Cashflow
Cash Flow
$3,747 income − $6,658 expenses = $2,911 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,747
Total Expenses
$6,658
Mortgage P&I
122%
$4,582
Property Taxes
21%
$780
Home Insurance
9%
$322
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0