This property looks like a bad Long-Term investment with a projected -26.12% first-year return on $196k initial cash invested.
-26.12%
Cash On Cash
1.06%
Cap Rate
0.17
DSCR
$2,996
Rent
-$4,273
Cashflow
Cash Flow
$2,996 income − $7,269 expenses = $4,273 out of pocket
Investment Breakdown
|
Purchase Price
$935k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$187k
Closing costs
1%
$9,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$7,269
Mortgage P&I
165%
$4,945
Property Taxes
40%
$1,203
Home Insurance
11%
$341
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0