This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $189k initial cash invested.
-13.93%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$5,199
Rent
-$2,189
Cashflow
Cash Flow
$5,199 income − $7,388 expenses = $2,189 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,199
Total Expenses
$7,388
Mortgage P&I
93%
$4,809
Property Taxes
18%
$913
Home Insurance
6%
$314
HOA
0%
$0
Property Management
10%
$520
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0