This property looks like a bad Long-Term investment with a projected -23.7% first-year return on $193k initial cash invested.
-23.7%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$2,742
Rent
-$3,815
Cashflow
Cash Flow
$2,742 income − $6,557 expenses = $3,815 out of pocket
Investment Breakdown
|
Purchase Price
$920k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,742
Total Expenses
$6,557
Mortgage P&I
186%
$5,089
Property Taxes
13%
$369
Home Insurance
12%
$332
HOA
2%
$54
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0