This property looks like a bad Long-Term investment with a projected -22.37% first-year return on $193k initial cash invested.
-22.37%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$3,498
Rent
-$3,599
Cashflow
Cash Flow
$3,498 income − $7,097 expenses = $3,599 out of pocket
Investment Breakdown
|
Purchase Price
$919k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,498
Total Expenses
$7,097
Mortgage P&I
142%
$4,954
Property Taxes
25%
$890
Home Insurance
10%
$343
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0