This property looks like a bad Long-Term investment with a projected -20.8% first-year return on $198k initial cash invested.
-20.8%
Cash On Cash
2.31%
Cap Rate
0.36
DSCR
$3,026
Rent
-$3,440
Cashflow
Cash Flow
$3,026 income − $6,466 expenses = $3,440 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,026
Total Expenses
$6,466
Mortgage P&I
169%
$5,106
Property Taxes
8%
$242
Home Insurance
11%
$331
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0