This property looks like a bad Long-Term investment with a projected -18.86% first-year return on $194k initial cash invested.
-18.86%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$4,239
Rent
-$3,044
Cashflow
Cash Flow
$4,239 income − $7,283 expenses = $3,044 out of pocket
Investment Breakdown
|
Purchase Price
$922k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$184k
Closing costs
1%
$9,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,239
Total Expenses
$7,283
Mortgage P&I
117%
$4,939
Property Taxes
21%
$910
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$424
CapEx
5%
$212
Vacancy
6%
$254
Maintenance
5%
$212
Other
0%
$0