This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $193k initial cash invested.
-17.43%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$5,073
Rent
-$2,802
Cashflow
Cash Flow
$5,073 income − $7,875 expenses = $2,802 out of pocket
Investment Breakdown
|
Purchase Price
$918k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,184
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,073
Total Expenses
$7,875
Mortgage P&I
96%
$4,851
Property Taxes
7%
$338
Home Insurance
6%
$297
HOA
21%
$1,070
Property Management
10%
$507
CapEx
5%
$254
Vacancy
6%
$304
Maintenance
5%
$254
Other
0%
$0