This property looks like a bad Long-Term investment with a projected -17.53% first-year return on $189k initial cash invested.
-17.53%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$3,280
Rent
-$2,762
Cashflow
Cash Flow
$3,280 income − $6,042 expenses = $2,762 out of pocket
Investment Breakdown
|
Purchase Price
$901k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,005
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,280
Total Expenses
$6,042
Mortgage P&I
138%
$4,514
Property Taxes
11%
$348
Home Insurance
10%
$327
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0