This property looks like a bad Long-Term investment with a projected -21.45% first-year return on $188k initial cash invested.
-21.45%
Cash On Cash
2.33%
Cap Rate
0.35
DSCR
$2,867
Rent
-$3,366
Cashflow
Cash Flow
$2,867 income − $6,233 expenses = $3,366 out of pocket
Investment Breakdown
|
Purchase Price
$897k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,965
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,867
Total Expenses
$6,233
Mortgage P&I
173%
$4,961
Property Taxes
3%
$72
Home Insurance
16%
$455
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0