This property looks like a bad Long-Term investment with a projected -17.24% first-year return on $193k initial cash invested.
-17.24%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$4,508
Rent
-$2,778
Cashflow
Cash Flow
$4,508 income − $7,286 expenses = $2,778 out of pocket
Investment Breakdown
|
Purchase Price
$921k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,508
Total Expenses
$7,286
Mortgage P&I
109%
$4,920
Property Taxes
19%
$871
Home Insurance
7%
$324
HOA
0%
$0
Property Management
10%
$451
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0