This property looks like a bad Long-Term investment with a projected -24.96% first-year return on $189k initial cash invested.
-24.96%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$2,917
Rent
-$3,930
Cashflow
Cash Flow
$2,917 income − $6,847 expenses = $3,930 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,917
Total Expenses
$6,847
Mortgage P&I
168%
$4,886
Property Taxes
30%
$887
Home Insurance
11%
$315
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0