This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $192k initial cash invested.
-20.27%
Cash On Cash
2.48%
Cap Rate
0.38
DSCR
$3,661
Rent
-$3,238
Cashflow
Cash Flow
$3,661 income − $6,899 expenses = $3,238 out of pocket
Investment Breakdown
|
Purchase Price
$913k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$183k
Closing costs
1%
$9,128
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,661
Total Expenses
$6,899
Mortgage P&I
135%
$4,940
Property Taxes
19%
$678
Home Insurance
9%
$329
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0