This property looks like a bad Long-Term investment with a projected -18.98% first-year return on $193k initial cash invested.
-18.98%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$4,442
Rent
-$3,048
Cashflow
Cash Flow
$4,442 income − $7,490 expenses = $3,048 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,177
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,442
Total Expenses
$7,490
Mortgage P&I
110%
$4,873
Property Taxes
21%
$929
Home Insurance
8%
$348
HOA
4%
$185
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$267
Maintenance
5%
$222
Other
0%
$0