This property looks like a bad Long-Term investment with a projected -22.94% first-year return on $188k initial cash invested.
-22.94%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$3,363
Rent
-$3,589
Cashflow
Cash Flow
$3,363 income − $6,952 expenses = $3,589 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,363
Total Expenses
$6,952
Mortgage P&I
144%
$4,852
Property Taxes
27%
$908
Home Insurance
9%
$318
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0