This property looks like a bad Long-Term investment with a projected -22.76% first-year return on $197k initial cash invested.
-22.76%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$4,266
Rent
-$3,742
Cashflow
Cash Flow
$4,266 income − $8,008 expenses = $3,742 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,393
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,266
Total Expenses
$8,008
Mortgage P&I
121%
$5,148
Property Taxes
23%
$994
Home Insurance
8%
$332
HOA
10%
$425
Property Management
10%
$427
CapEx
5%
$213
Vacancy
6%
$256
Maintenance
5%
$213
Other
0%
$0