This property looks like a bad Long-Term investment with a projected -29.3% first-year return on $194k initial cash invested.
-29.3%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$2,532
Rent
-$4,737
Cashflow
Cash Flow
$2,532 income − $7,269 expenses = $4,737 out of pocket
Investment Breakdown
|
Purchase Price
$924k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,532
Total Expenses
$7,269
Mortgage P&I
198%
$5,016
Property Taxes
50%
$1,262
Home Insurance
13%
$332
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0