This property looks like a bad Long-Term investment with a projected -13.65% first-year return on $196k initial cash invested.
-13.65%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$5,410
Rent
-$2,231
Cashflow
Cash Flow
$5,410 income − $7,641 expenses = $2,231 out of pocket
Investment Breakdown
|
Purchase Price
$934k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$187k
Closing costs
1%
$9,341
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,410
Total Expenses
$7,641
Mortgage P&I
88%
$4,752
Property Taxes
21%
$1,157
Home Insurance
6%
$326
HOA
0%
$0
Property Management
10%
$541
CapEx
5%
$270
Vacancy
6%
$325
Maintenance
5%
$270
Other
0%
$0