This property looks like a bad Long-Term investment with a projected -19.64% first-year return on $194k initial cash invested.
-19.64%
Cash On Cash
2.11%
Cap Rate
0.35
DSCR
$3,068
Rent
-$3,173
Cashflow
Cash Flow
$3,068 income − $6,241 expenses = $3,173 out of pocket
Investment Breakdown
|
Purchase Price
$923k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,231
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,068
Total Expenses
$6,241
Mortgage P&I
151%
$4,640
Property Taxes
15%
$472
Home Insurance
11%
$332
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0