This property looks like a bad Long-Term investment with a projected -25.04% first-year return on $195k initial cash invested.
-25.04%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$2,767
Rent
-$4,069
Cashflow
Cash Flow
$2,767 income − $6,836 expenses = $4,069 out of pocket
Investment Breakdown
|
Purchase Price
$929k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$186k
Closing costs
1%
$9,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,767
Total Expenses
$6,836
Mortgage P&I
185%
$5,110
Property Taxes
24%
$668
Home Insurance
12%
$339
HOA
0%
$0
Property Management
10%
$277
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0