This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $191k initial cash invested.
-18.21%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$4,287
Rent
-$2,905
Cashflow
Cash Flow
$4,287 income − $7,192 expenses = $2,905 out of pocket
Investment Breakdown
|
Purchase Price
$911k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$191k
Downpayment
20%
$182k
Closing costs
1%
$9,114
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,287
Total Expenses
$7,192
Mortgage P&I
115%
$4,929
Property Taxes
19%
$825
Home Insurance
8%
$324
HOA
0%
$0
Property Management
10%
$429
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0