This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $194k initial cash invested.
-23.95%
Cash On Cash
1.27%
Cap Rate
0.21
DSCR
$2,122
Rent
-$3,877
Cashflow
Cash Flow
$2,122 income − $5,999 expenses = $3,877 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,122
Total Expenses
$5,999
Mortgage P&I
224%
$4,750
Property Taxes
18%
$374
Home Insurance
15%
$324
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0