This property looks like a bad Long-Term investment with a projected -19.07% first-year return on $188k initial cash invested.
-19.07%
Cash On Cash
2.34%
Cap Rate
0.38
DSCR
$3,933
Rent
-$2,982
Cashflow
Cash Flow
$3,933 income − $6,915 expenses = $2,982 out of pocket
Investment Breakdown
|
Purchase Price
$893k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,934
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,933
Total Expenses
$6,915
Mortgage P&I
115%
$4,525
Property Taxes
26%
$1,035
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0