This property looks like a bad Long-Term investment with a projected -20.06% first-year return on $196k initial cash invested.
-20.06%
Cash On Cash
2.1%
Cap Rate
0.34
DSCR
$2,883
Rent
-$3,285
Cashflow
Cash Flow
$2,883 income − $6,168 expenses = $3,285 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$187k
Closing costs
1%
$9,356
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,883
Total Expenses
$6,168
Mortgage P&I
166%
$4,779
Property Taxes
10%
$290
Home Insurance
12%
$350
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0