This property looks like a bad Long-Term investment with a projected -21.2% first-year return on $195k initial cash invested.
-21.2%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$3,845
Rent
-$3,436
Cashflow
Cash Flow
$3,845 income − $7,281 expenses = $3,436 out of pocket
Investment Breakdown
|
Purchase Price
$926k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$195k
Downpayment
20%
$185k
Closing costs
1%
$9,263
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,845
Total Expenses
$7,281
Mortgage P&I
130%
$5,010
Property Taxes
24%
$940
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0