This property looks like a bad Long-Term investment with a projected -27.43% first-year return on $190k initial cash invested.
-27.43%
Cash On Cash
0.68%
Cap Rate
0.11
DSCR
$1,945
Rent
-$4,345
Cashflow
Cash Flow
$1,945 income − $6,290 expenses = $4,345 out of pocket
Investment Breakdown
|
Purchase Price
$905k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$190k
Downpayment
20%
$181k
Closing costs
1%
$9,050
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,945
Total Expenses
$6,290
Mortgage P&I
245%
$4,762
Property Taxes
36%
$706
Home Insurance
16%
$317
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$117
Maintenance
5%
$97
Other
0%
$0