This property looks like a bad Long-Term investment with a projected -23.71% first-year return on $199k initial cash invested.
-23.71%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$2,637
Rent
-$3,927
Cashflow
Cash Flow
$2,637 income − $6,564 expenses = $3,927 out of pocket
Investment Breakdown
|
Purchase Price
$947k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,637
Total Expenses
$6,564
Mortgage P&I
199%
$5,242
Property Taxes
11%
$290
Home Insurance
13%
$346
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0