This property looks like a bad Long-Term investment with a projected -22.38% first-year return on $187k initial cash invested.
-22.38%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$2,844
Rent
-$3,485
Cashflow
Cash Flow
$2,844 income − $6,329 expenses = $3,485 out of pocket
Investment Breakdown
|
Purchase Price
$890k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,844
Total Expenses
$6,329
Mortgage P&I
171%
$4,852
Property Taxes
15%
$426
Home Insurance
11%
$312
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0