This property looks like a bad Long-Term investment with a projected -19.06% first-year return on $195k initial cash invested.
-19.06%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$4,314
Rent
-$3,097
Cashflow
Cash Flow
$4,314 income − $7,411 expenses = $3,097 out of pocket
Investment Breakdown
|
Purchase Price
$928k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$186k
Closing costs
1%
$9,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,314
Total Expenses
$7,411
Mortgage P&I
117%
$5,055
Property Taxes
21%
$910
Home Insurance
8%
$324
HOA
0%
$0
Property Management
10%
$431
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0