This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $195k initial cash invested.
-23.12%
Cash On Cash
1.28%
Cap Rate
0.21
DSCR
$2,095
Rent
-$3,758
Cashflow
Cash Flow
$2,095 income − $5,853 expenses = $3,758 out of pocket
Investment Breakdown
|
Purchase Price
$929k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$186k
Closing costs
1%
$9,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,095
Total Expenses
$5,853
Mortgage P&I
222%
$4,647
Property Taxes
16%
$335
Home Insurance
16%
$325
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0