This property looks like a bad Long-Term investment with a projected -19.78% first-year return on $197k initial cash invested.
-19.78%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$3,897
Rent
-$3,255
Cashflow
Cash Flow
$3,897 income − $7,152 expenses = $3,255 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,402
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$7,152
Mortgage P&I
128%
$4,994
Property Taxes
21%
$812
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0