This property looks like a bad Long-Term investment with a projected -19.43% first-year return on $193k initial cash invested.
-19.43%
Cash On Cash
2.56%
Cap Rate
0.4
DSCR
$4,114
Rent
-$3,122
Cashflow
Cash Flow
$4,114 income − $7,236 expenses = $3,122 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,114
Total Expenses
$7,236
Mortgage P&I
118%
$4,874
Property Taxes
23%
$951
Home Insurance
8%
$341
HOA
0%
$0
Property Management
10%
$411
CapEx
5%
$206
Vacancy
6%
$247
Maintenance
5%
$206
Other
0%
$0