This property looks like a bad Long-Term investment with a projected -19.54% first-year return on $198k initial cash invested.
-19.54%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$4,123
Rent
-$3,219
Cashflow
Cash Flow
$4,123 income − $7,342 expenses = $3,219 out of pocket
Investment Breakdown
|
Purchase Price
$942k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$188k
Closing costs
1%
$9,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,123
Total Expenses
$7,342
Mortgage P&I
126%
$5,180
Property Taxes
18%
$755
Home Insurance
8%
$336
HOA
0%
$0
Property Management
10%
$412
CapEx
5%
$206
Vacancy
6%
$247
Maintenance
5%
$206
Other
0%
$0