This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $198k initial cash invested.
-20.19%
Cash On Cash
2.85%
Cap Rate
0.42
DSCR
$4,246
Rent
-$3,334
Cashflow
Cash Flow
$4,246 income − $7,580 expenses = $3,334 out of pocket
Investment Breakdown
|
Purchase Price
$944k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,436
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,246
Total Expenses
$7,580
Mortgage P&I
126%
$5,362
Property Taxes
18%
$756
Home Insurance
8%
$341
HOA
0%
$17
Property Management
10%
$425
CapEx
5%
$212
Vacancy
6%
$255
Maintenance
5%
$212
Other
0%
$0