This property looks like a bad Long-Term investment with a projected -20.82% first-year return on $194k initial cash invested.
-20.82%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$3,010
Rent
-$3,370
Cashflow
Cash Flow
$3,010 income − $6,380 expenses = $3,370 out of pocket
Investment Breakdown
|
Purchase Price
$925k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,010
Total Expenses
$6,380
Mortgage P&I
161%
$4,860
Property Taxes
12%
$351
Home Insurance
11%
$324
HOA
2%
$63
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$181
Maintenance
5%
$150
Other
0%
$0