This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $198k initial cash invested.
-13.8%
Cash On Cash
3.55%
Cap Rate
0.58
DSCR
$5,683
Rent
-$2,282
Cashflow
Cash Flow
$5,683 income − $7,965 expenses = $2,282 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,452
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,683
Total Expenses
$7,965
Mortgage P&I
84%
$4,795
Property Taxes
24%
$1,380
Home Insurance
6%
$313
HOA
0%
$0
Property Management
10%
$568
CapEx
5%
$284
Vacancy
6%
$341
Maintenance
5%
$284
Other
0%
$0