This property looks like a bad Long-Term investment with a projected -18.13% first-year return on $198k initial cash invested.
-18.13%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$4,267
Rent
-$2,993
Cashflow
Cash Flow
$4,267 income − $7,260 expenses = $2,993 out of pocket
Investment Breakdown
|
Purchase Price
$943k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,432
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,267
Total Expenses
$7,260
Mortgage P&I
122%
$5,193
Property Taxes
15%
$626
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$427
CapEx
5%
$213
Vacancy
6%
$256
Maintenance
5%
$213
Other
0%
$0