This property looks like a bad Long-Term investment with a projected -22.41% first-year return on $194k initial cash invested.
-22.41%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$3,122
Rent
-$3,627
Cashflow
Cash Flow
$3,122 income − $6,749 expenses = $3,627 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,122
Total Expenses
$6,749
Mortgage P&I
164%
$5,110
Property Taxes
16%
$504
Home Insurance
10%
$324
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0