This property looks like a bad Long-Term investment with a projected -25.66% first-year return on $189k initial cash invested.
-25.66%
Cash On Cash
0.83%
Cap Rate
0.14
DSCR
$1,828
Rent
-$4,037
Cashflow
Cash Flow
$1,828 income − $5,865 expenses = $4,037 out of pocket
Investment Breakdown
|
Purchase Price
$899k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$8,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,828
Total Expenses
$5,865
Mortgage P&I
250%
$4,565
Property Taxes
28%
$510
Home Insurance
17%
$315
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$91
Vacancy
6%
$110
Maintenance
5%
$91
Other
0%
$0