This property looks like a bad Long-Term investment with a projected -28.13% first-year return on $194k initial cash invested.
-28.13%
Cash On Cash
0.46%
Cap Rate
0.07
DSCR
$1,494
Rent
-$4,554
Cashflow
Cash Flow
$1,494 income − $6,048 expenses = $4,554 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,494
Total Expenses
$6,048
Mortgage P&I
323%
$4,830
Property Taxes
34%
$505
Home Insurance
22%
$324
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0