This property looks like a bad Long-Term investment with a projected -22.62% first-year return on $192k initial cash invested.
-22.62%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$2,973
Rent
-$3,626
Cashflow
Cash Flow
$2,973 income − $6,599 expenses = $3,626 out of pocket
Investment Breakdown
|
Purchase Price
$916k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$192k
Downpayment
20%
$183k
Closing costs
1%
$9,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,973
Total Expenses
$6,599
Mortgage P&I
167%
$4,974
Property Taxes
14%
$423
Home Insurance
11%
$332
HOA
3%
$97
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0