This property looks like a bad Long-Term investment with a projected -24.36% first-year return on $193k initial cash invested.
-24.36%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$3,059
Rent
-$3,924
Cashflow
Cash Flow
$3,059 income − $6,983 expenses = $3,924 out of pocket
Investment Breakdown
|
Purchase Price
$920k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,059
Total Expenses
$6,983
Mortgage P&I
163%
$4,975
Property Taxes
29%
$897
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0