This property looks like a bad Long-Term investment with a projected -16.63% first-year return on $198k initial cash invested.
-16.63%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$4,777
Rent
-$2,744
Cashflow
Cash Flow
$4,777 income − $7,521 expenses = $2,744 out of pocket
Investment Breakdown
|
Purchase Price
$943k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,777
Total Expenses
$7,521
Mortgage P&I
107%
$5,107
Property Taxes
18%
$846
Home Insurance
7%
$325
HOA
0%
$0
Property Management
10%
$478
CapEx
5%
$239
Vacancy
6%
$287
Maintenance
5%
$239
Other
0%
$0