This property looks like a bad Long-Term investment with a projected -22.88% first-year return on $189k initial cash invested.
-22.88%
Cash On Cash
1.81%
Cap Rate
0.28
DSCR
$3,213
Rent
-$3,599
Cashflow
Cash Flow
$3,213 income − $6,812 expenses = $3,599 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,213
Total Expenses
$6,812
Mortgage P&I
149%
$4,797
Property Taxes
14%
$449
Home Insurance
10%
$315
HOA
13%
$415
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0