This property looks like a bad Long-Term investment with a projected -22.24% first-year return on $195k initial cash invested.
-22.24%
Cash On Cash
1.55%
Cap Rate
0.26
DSCR
$2,396
Rent
-$3,620
Cashflow
Cash Flow
$2,396 income − $6,016 expenses = $3,620 out of pocket
Investment Breakdown
|
Purchase Price
$930k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$186k
Closing costs
1%
$9,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,396
Total Expenses
$6,016
Mortgage P&I
196%
$4,702
Property Taxes
15%
$364
Home Insurance
14%
$326
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0