This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $187k initial cash invested.
-17.82%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$4,178
Rent
-$2,773
Cashflow
Cash Flow
$4,178 income − $6,951 expenses = $2,773 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,178
Total Expenses
$6,951
Mortgage P&I
114%
$4,768
Property Taxes
19%
$785
Home Insurance
7%
$311
HOA
0%
$0
Property Management
10%
$418
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0