This property looks like a bad Long-Term investment with a projected -22.09% first-year return on $197k initial cash invested.
-22.09%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$3,065
Rent
-$3,633
Cashflow
Cash Flow
$3,065 income − $6,698 expenses = $3,633 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,065
Total Expenses
$6,698
Mortgage P&I
170%
$5,222
Property Taxes
8%
$245
Home Insurance
11%
$329
HOA
3%
$106
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0