This property looks like a bad Long-Term investment with a projected -24.89% first-year return on $197k initial cash invested.
-24.89%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$4,655
Rent
-$4,096
Cashflow
Cash Flow
$4,655 income − $8,751 expenses = $4,096 out of pocket
Investment Breakdown
|
Purchase Price
$940k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,655
Total Expenses
$8,751
Mortgage P&I
109%
$5,096
Property Taxes
19%
$902
Home Insurance
7%
$324
HOA
26%
$1,218
Property Management
10%
$466
CapEx
5%
$233
Vacancy
6%
$279
Maintenance
5%
$233
Other
0%
$0