This property looks like a bad Long-Term investment with a projected -20.92% first-year return on $193k initial cash invested.
-20.92%
Cash On Cash
2.14%
Cap Rate
0.34
DSCR
$3,122
Rent
-$3,359
Cashflow
Cash Flow
$3,122 income − $6,481 expenses = $3,359 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,122
Total Expenses
$6,481
Mortgage P&I
155%
$4,842
Property Taxes
16%
$496
Home Insurance
11%
$332
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0