This property looks like a bad Long-Term investment with a projected -21.79% first-year return on $188k initial cash invested.
-21.79%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$3,544
Rent
-$3,422
Cashflow
Cash Flow
$3,544 income − $6,966 expenses = $3,422 out of pocket
Investment Breakdown
|
Purchase Price
$898k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$180k
Closing costs
1%
$8,976
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,544
Total Expenses
$6,966
Mortgage P&I
138%
$4,876
Property Taxes
24%
$844
Home Insurance
9%
$325
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0