This property looks like a bad Long-Term investment with a projected -26.37% first-year return on $199k initial cash invested.
-26.37%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$2,738
Rent
-$4,363
Cashflow
Cash Flow
$2,738 income − $7,101 expenses = $4,363 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,456
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,738
Total Expenses
$7,101
Mortgage P&I
189%
$5,164
Property Taxes
32%
$875
Home Insurance
13%
$350
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0