This property looks like a bad Long-Term investment with a projected -18.53% first-year return on $188k initial cash invested.
-18.53%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$3,397
Rent
-$2,899
Cashflow
Cash Flow
$3,397 income − $6,296 expenses = $2,899 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,397
Total Expenses
$6,296
Mortgage P&I
133%
$4,522
Property Taxes
17%
$567
Home Insurance
9%
$313
HOA
0%
$10
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0