This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $187k initial cash invested.
-14.7%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$5,194
Rent
-$2,287
Cashflow
Cash Flow
$5,194 income − $7,481 expenses = $2,287 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,194
Total Expenses
$7,481
Mortgage P&I
94%
$4,857
Property Taxes
18%
$960
Home Insurance
6%
$313
HOA
0%
$0
Property Management
10%
$519
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0