This property looks like a bad Long-Term investment with a projected -2.58% first-year return on $195k initial cash invested.
-2.58%
Cash On Cash
5.98%
Cap Rate
0.98
DSCR
$6,983
Rent
-$420
Cashflow
Cash Flow
$6,983 income − $7,403 expenses = $420 out of pocket
Investment Breakdown
|
Purchase Price
$930k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$186k
Closing costs
1%
$9,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,983
Total Expenses
$7,403
Mortgage P&I
67%
$4,705
Property Taxes
7%
$498
Home Insurance
6%
$385
HOA
0%
$0
Property Management
10%
$698
CapEx
5%
$349
Vacancy
6%
$419
Maintenance
5%
$349
Other
0%
$0