This property looks like a bad Long-Term investment with a projected -18.93% first-year return on $197k initial cash invested.
-18.93%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$3,531
Rent
-$3,104
Cashflow
Cash Flow
$3,531 income − $6,635 expenses = $3,104 out of pocket
Investment Breakdown
|
Purchase Price
$937k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$187k
Closing costs
1%
$9,372
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,531
Total Expenses
$6,635
Mortgage P&I
142%
$5,023
Property Taxes
11%
$401
Home Insurance
8%
$292
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0