This property looks like a bad Long-Term investment with a projected -22.7% first-year return on $192k initial cash invested.
-22.7%
Cash On Cash
1.81%
Cap Rate
0.29
DSCR
$3,835
Rent
-$3,637
Cashflow
Cash Flow
$3,835 income − $7,472 expenses = $3,637 out of pocket
Investment Breakdown
|
Purchase Price
$915k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$183k
Closing costs
1%
$9,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,835
Total Expenses
$7,472
Mortgage P&I
126%
$4,823
Property Taxes
29%
$1,098
Home Insurance
14%
$553
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0