This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $198k initial cash invested.
-21.3%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$3,772
Rent
-$3,514
Cashflow
Cash Flow
$3,772 income − $7,286 expenses = $3,514 out of pocket
Investment Breakdown
|
Purchase Price
$943k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,772
Total Expenses
$7,286
Mortgage P&I
136%
$5,134
Property Taxes
22%
$839
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$189
Vacancy
6%
$226
Maintenance
5%
$189
Other
0%
$0