This property looks like a bad Long-Term investment with a projected -16.56% first-year return on $194k initial cash invested.
-16.56%
Cash On Cash
3.36%
Cap Rate
0.52
DSCR
$5,318
Rent
-$2,674
Cashflow
Cash Flow
$5,318 income − $7,992 expenses = $2,674 out of pocket
Investment Breakdown
|
Purchase Price
$923k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,318
Total Expenses
$7,992
Mortgage P&I
94%
$4,994
Property Taxes
25%
$1,311
Home Insurance
6%
$304
HOA
0%
$0
Property Management
10%
$532
CapEx
5%
$266
Vacancy
6%
$319
Maintenance
5%
$266
Other
0%
$0