This property looks like a bad Long-Term investment with a projected -19.45% first-year return on $189k initial cash invested.
-19.45%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$4,074
Rent
-$3,064
Cashflow
Cash Flow
$4,074 income − $7,138 expenses = $3,064 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,074
Total Expenses
$7,138
Mortgage P&I
120%
$4,879
Property Taxes
22%
$885
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$204
Vacancy
6%
$244
Maintenance
5%
$204
Other
0%
$0