This property looks like a bad Long-Term investment with a projected -20.76% first-year return on $191k initial cash invested.
-20.76%
Cash On Cash
2.25%
Cap Rate
0.35
DSCR
$3,106
Rent
-$3,309
Cashflow
Cash Flow
$3,106 income − $6,415 expenses = $3,309 out of pocket
Investment Breakdown
|
Purchase Price
$911k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$182k
Closing costs
1%
$9,106
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,106
Total Expenses
$6,415
Mortgage P&I
157%
$4,865
Property Taxes
13%
$404
Home Insurance
11%
$339
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0