This property looks like a bad Long-Term investment with a projected -27.79% first-year return on $194k initial cash invested.
-27.79%
Cash On Cash
0.65%
Cap Rate
0.1
DSCR
$2,000
Rent
-$4,497
Cashflow
Cash Flow
$2,000 income − $6,497 expenses = $4,497 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,247
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$6,497
Mortgage P&I
245%
$4,900
Property Taxes
37%
$741
Home Insurance
17%
$336
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0