This property looks like a bad Long-Term investment with a projected -22.96% first-year return on $194k initial cash invested.
-22.96%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$2,640
Rent
-$3,717
Cashflow
Cash Flow
$2,640 income − $6,357 expenses = $3,717 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,640
Total Expenses
$6,357
Mortgage P&I
193%
$5,106
Property Taxes
9%
$241
Home Insurance
12%
$324
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0