This property looks like a bad Long-Term investment with a projected -20.17% first-year return on $192k initial cash invested.
-20.17%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$3,696
Rent
-$3,221
Cashflow
Cash Flow
$3,696 income − $6,917 expenses = $3,221 out of pocket
Investment Breakdown
|
Purchase Price
$913k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$183k
Closing costs
1%
$9,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,696
Total Expenses
$6,917
Mortgage P&I
131%
$4,845
Property Taxes
22%
$795
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0