This property looks like a bad Long-Term investment with a projected -24.65% first-year return on $189k initial cash invested.
-24.65%
Cash On Cash
1.36%
Cap Rate
0.21
DSCR
$2,077
Rent
-$3,882
Cashflow
Cash Flow
$2,077 income − $5,959 expenses = $3,882 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,077
Total Expenses
$5,959
Mortgage P&I
231%
$4,795
Property Taxes
13%
$262
Home Insurance
15%
$315
HOA
2%
$46
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0