This property looks like a bad Long-Term investment with a projected -17.05% first-year return on $196k initial cash invested.
-17.05%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$4,364
Rent
-$2,782
Cashflow
Cash Flow
$4,364 income − $7,146 expenses = $2,782 out of pocket
Investment Breakdown
|
Purchase Price
$933k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$187k
Closing costs
1%
$9,325
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,364
Total Expenses
$7,146
Mortgage P&I
118%
$5,162
Property Taxes
10%
$434
Home Insurance
10%
$416
HOA
0%
$0
Property Management
10%
$436
CapEx
5%
$218
Vacancy
6%
$262
Maintenance
5%
$218
Other
0%
$0