This property looks like a bad Long-Term investment with a projected -18.5% first-year return on $193k initial cash invested.
-18.5%
Cash On Cash
3.06%
Cap Rate
0.46
DSCR
$4,159
Rent
-$2,975
Cashflow
Cash Flow
$4,159 income − $7,134 expenses = $2,975 out of pocket
Investment Breakdown
|
Purchase Price
$919k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$184k
Closing costs
1%
$9,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,159
Total Expenses
$7,134
Mortgage P&I
123%
$5,110
Property Taxes
15%
$610
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$416
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0