This property looks like a bad Long-Term investment with a projected -22.29% first-year return on $197k initial cash invested.
-22.29%
Cash On Cash
1.7%
Cap Rate
0.28
DSCR
$3,176
Rent
-$3,662
Cashflow
Cash Flow
$3,176 income − $6,838 expenses = $3,662 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,387
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,176
Total Expenses
$6,838
Mortgage P&I
152%
$4,836
Property Taxes
12%
$385
Home Insurance
12%
$385
HOA
13%
$405
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0