This property looks like a bad Long-Term investment with a projected -18.95% first-year return on $192k initial cash invested.
-18.95%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$4,939
Rent
-$3,035
Cashflow
Cash Flow
$4,939 income − $7,974 expenses = $3,035 out of pocket
Investment Breakdown
|
Purchase Price
$915k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$183k
Closing costs
1%
$9,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,939
Total Expenses
$7,974
Mortgage P&I
102%
$5,014
Property Taxes
20%
$966
Home Insurance
6%
$320
HOA
8%
$390
Property Management
10%
$494
CapEx
5%
$247
Vacancy
6%
$296
Maintenance
5%
$247
Other
0%
$0