This property looks like a bad Long-Term investment with a projected -18.82% first-year return on $196k initial cash invested.
-18.82%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$4,433
Rent
-$3,077
Cashflow
Cash Flow
$4,433 income − $7,510 expenses = $3,077 out of pocket
Investment Breakdown
|
Purchase Price
$934k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$187k
Closing costs
1%
$9,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,433
Total Expenses
$7,510
Mortgage P&I
115%
$5,098
Property Taxes
21%
$918
Home Insurance
8%
$341
HOA
0%
$0
Property Management
10%
$443
CapEx
5%
$222
Vacancy
6%
$266
Maintenance
5%
$222
Other
0%
$0