This property looks like a bad Long-Term investment with a projected -24.51% first-year return on $187k initial cash invested.
-24.51%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$2,337
Rent
-$3,813
Cashflow
Cash Flow
$2,337 income − $6,150 expenses = $3,813 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$178k
Closing costs
1%
$8,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,337
Total Expenses
$6,150
Mortgage P&I
208%
$4,858
Property Taxes
15%
$360
Home Insurance
14%
$324
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$140
Maintenance
5%
$117
Other
0%
$0