This property looks like a bad Long-Term investment with a projected -23.75% first-year return on $197k initial cash invested.
-23.75%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$3,748
Rent
-$3,896
Cashflow
Cash Flow
$3,748 income − $7,644 expenses = $3,896 out of pocket
Investment Breakdown
|
Purchase Price
$937k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$187k
Closing costs
1%
$9,374
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,748
Total Expenses
$7,644
Mortgage P&I
136%
$5,088
Property Taxes
31%
$1,145
Home Insurance
12%
$437
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0