This property looks like a bad Long-Term investment with a projected -19.63% first-year return on $193k initial cash invested.
-19.63%
Cash On Cash
2.53%
Cap Rate
0.4
DSCR
$4,000
Rent
-$3,160
Cashflow
Cash Flow
$4,000 income − $7,160 expenses = $3,160 out of pocket
Investment Breakdown
|
Purchase Price
$920k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,000
Total Expenses
$7,160
Mortgage P&I
123%
$4,901
Property Taxes
22%
$887
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0