This property looks like a bad Long-Term investment with a projected -11.42% first-year return on $195k initial cash invested.
-11.42%
Cash On Cash
4.03%
Cap Rate
0.66
DSCR
$5,545
Rent
-$1,858
Cashflow
Cash Flow
$5,545 income − $7,403 expenses = $1,858 out of pocket
Investment Breakdown
|
Purchase Price
$930k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$186k
Closing costs
1%
$9,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,545
Total Expenses
$7,403
Mortgage P&I
85%
$4,701
Property Taxes
17%
$935
Home Insurance
6%
$326
HOA
0%
$0
Property Management
10%
$554
CapEx
5%
$277
Vacancy
6%
$333
Maintenance
5%
$277
Other
0%
$0