This property looks like a bad Long-Term investment with a projected -15.97% first-year return on $188k initial cash invested.
-15.97%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$4,345
Rent
-$2,498
Cashflow
Cash Flow
$4,345 income − $6,843 expenses = $2,498 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,345
Total Expenses
$6,843
Mortgage P&I
105%
$4,547
Property Taxes
20%
$852
Home Insurance
7%
$315
HOA
0%
$0
Property Management
10%
$434
CapEx
5%
$217
Vacancy
6%
$261
Maintenance
5%
$217
Other
0%
$0