This property looks like a bad Long-Term investment with a projected -21.95% first-year return on $197k initial cash invested.
-21.95%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$2,465
Rent
-$3,597
Cashflow
Cash Flow
$2,465 income − $6,062 expenses = $3,597 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$187k
Closing costs
1%
$9,364
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,465
Total Expenses
$6,062
Mortgage P&I
197%
$4,863
Property Taxes
8%
$196
Home Insurance
14%
$346
HOA
1%
$17
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0