This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $198k initial cash invested.
-21.74%
Cash On Cash
1.86%
Cap Rate
0.3
DSCR
$4,244
Rent
-$3,580
Cashflow
Cash Flow
$4,244 income − $7,824 expenses = $3,580 out of pocket
Investment Breakdown
|
Purchase Price
$941k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$188k
Closing costs
1%
$9,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,244
Total Expenses
$7,824
Mortgage P&I
114%
$4,824
Property Taxes
28%
$1,168
Home Insurance
7%
$304
HOA
10%
$425
Property Management
10%
$424
CapEx
5%
$212
Vacancy
6%
$255
Maintenance
5%
$212
Other
0%
$0