This property looks like a bad Long-Term investment with a projected -12.47% first-year return on $189k initial cash invested.
-12.47%
Cash On Cash
3.66%
Cap Rate
0.62
DSCR
$5,104
Rent
-$1,961
Cashflow
Cash Flow
$5,104 income − $7,065 expenses = $1,961 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,987
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,104
Total Expenses
$7,065
Mortgage P&I
87%
$4,444
Property Taxes
19%
$980
Home Insurance
6%
$315
HOA
0%
$0
Property Management
10%
$510
CapEx
5%
$255
Vacancy
6%
$306
Maintenance
5%
$255
Other
0%
$0