This property looks like a bad Long-Term investment with a projected -19.6% first-year return on $192k initial cash invested.
-19.6%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$3,752
Rent
-$3,144
Cashflow
Cash Flow
$3,752 income − $6,896 expenses = $3,144 out of pocket
Investment Breakdown
|
Purchase Price
$916k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$183k
Closing costs
1%
$9,164
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,752
Total Expenses
$6,896
Mortgage P&I
127%
$4,750
Property Taxes
23%
$855
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0