This property looks like a bad Long-Term investment with a projected -16.56% first-year return on $197k initial cash invested.
-16.56%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$4,967
Rent
-$2,720
Cashflow
Cash Flow
$4,967 income − $7,687 expenses = $2,720 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,967
Total Expenses
$7,687
Mortgage P&I
103%
$5,122
Property Taxes
19%
$942
Home Insurance
7%
$332
HOA
0%
$0
Property Management
10%
$497
CapEx
5%
$248
Vacancy
6%
$298
Maintenance
5%
$248
Other
0%
$0