This property looks like a bad Long-Term investment with a projected -19.82% first-year return on $193k initial cash invested.
-19.82%
Cash On Cash
2.86%
Cap Rate
0.42
DSCR
$4,130
Rent
-$3,180
Cashflow
Cash Flow
$4,130 income − $7,310 expenses = $3,180 out of pocket
Investment Breakdown
|
Purchase Price
$917k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$183k
Closing costs
1%
$9,167
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,130
Total Expenses
$7,310
Mortgage P&I
125%
$5,161
Property Taxes
18%
$744
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0