This property looks like a bad Long-Term investment with a projected -27.65% first-year return on $193k initial cash invested.
-27.65%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$3,027
Rent
-$4,443
Cashflow
Cash Flow
$3,027 income − $7,470 expenses = $4,443 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,027
Total Expenses
$7,470
Mortgage P&I
166%
$5,026
Property Taxes
32%
$977
Home Insurance
11%
$329
HOA
12%
$351
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0