This property looks like a bad Long-Term investment with a projected -22.66% first-year return on $196k initial cash invested.
-22.66%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$2,232
Rent
-$3,709
Cashflow
Cash Flow
$2,232 income − $5,941 expenses = $3,709 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$187k
Closing costs
1%
$9,355
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$5,941
Mortgage P&I
224%
$4,999
Property Taxes
9%
$197
Home Insurance
7%
$164
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0