This property looks like a bad Long-Term investment with a projected -21.48% first-year return on $197k initial cash invested.
-21.48%
Cash On Cash
1.94%
Cap Rate
0.31
DSCR
$2,836
Rent
-$3,519
Cashflow
Cash Flow
$2,836 income − $6,355 expenses = $3,519 out of pocket
Investment Breakdown
|
Purchase Price
$936k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$187k
Closing costs
1%
$9,361
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,836
Total Expenses
$6,355
Mortgage P&I
172%
$4,888
Property Taxes
14%
$384
Home Insurance
12%
$345
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0