This property looks like a bad Long-Term investment with a projected -18.21% first-year return on $197k initial cash invested.
-18.21%
Cash On Cash
2.71%
Cap Rate
0.43
DSCR
$3,655
Rent
-$2,992
Cashflow
Cash Flow
$3,655 income − $6,647 expenses = $2,992 out of pocket
Investment Breakdown
|
Purchase Price
$939k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,391
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,655
Total Expenses
$6,647
Mortgage P&I
135%
$4,927
Property Taxes
12%
$423
Home Insurance
9%
$346
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0