This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $198k initial cash invested.
-6.66%
Cash On Cash
5.04%
Cap Rate
0.83
DSCR
$5,837
Rent
-$1,102
Cashflow
Cash Flow
$5,837 income − $6,939 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,837
Total Expenses
$6,939
Mortgage P&I
82%
$4,777
Property Taxes
5%
$313
Home Insurance
6%
$331
HOA
0%
$0
Property Management
10%
$584
CapEx
5%
$292
Vacancy
6%
$350
Maintenance
5%
$292
Other
0%
$0