This property looks like a bad Long-Term investment with a projected -24.61% first-year return on $194k initial cash invested.
-24.61%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$2,181
Rent
-$3,983
Cashflow
Cash Flow
$2,181 income − $6,164 expenses = $3,983 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,181
Total Expenses
$6,164
Mortgage P&I
215%
$4,681
Property Taxes
27%
$592
Home Insurance
15%
$324
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0