This property looks like a bad Long-Term investment with a projected -20.07% first-year return on $193k initial cash invested.
-20.07%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$4,205
Rent
-$3,234
Cashflow
Cash Flow
$4,205 income − $7,439 expenses = $3,234 out of pocket
Investment Breakdown
|
Purchase Price
$921k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,205
Total Expenses
$7,439
Mortgage P&I
121%
$5,086
Property Taxes
20%
$831
Home Insurance
8%
$329
HOA
2%
$101
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0