This property looks like a bad Long-Term investment with a projected -22.53% first-year return on $194k initial cash invested.
-22.53%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$3,906
Rent
-$3,639
Cashflow
Cash Flow
$3,906 income − $7,545 expenses = $3,639 out of pocket
Investment Breakdown
|
Purchase Price
$923k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,906
Total Expenses
$7,545
Mortgage P&I
128%
$5,009
Property Taxes
30%
$1,176
Home Insurance
9%
$345
HOA
0%
$0
Property Management
10%
$391
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0