This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $194k initial cash invested.
-17.36%
Cash On Cash
2.67%
Cap Rate
0.44
DSCR
$3,837
Rent
-$2,800
Cashflow
Cash Flow
$3,837 income − $6,637 expenses = $2,800 out of pocket
Investment Breakdown
|
Purchase Price
$922k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$184k
Closing costs
1%
$9,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,837
Total Expenses
$6,637
Mortgage P&I
121%
$4,661
Property Taxes
17%
$651
Home Insurance
9%
$327
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0