This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $198k initial cash invested.
-17.81%
Cash On Cash
2.83%
Cap Rate
0.45
DSCR
$3,969
Rent
-$2,936
Cashflow
Cash Flow
$3,969 income − $6,905 expenses = $2,936 out of pocket
Investment Breakdown
|
Purchase Price
$942k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$188k
Closing costs
1%
$9,419
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,969
Total Expenses
$6,905
Mortgage P&I
125%
$4,962
Property Taxes
12%
$475
Home Insurance
11%
$437
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0