This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $198k initial cash invested.
-17.61%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$4,750
Rent
-$2,900
Cashflow
Cash Flow
$4,750 income − $7,650 expenses = $2,900 out of pocket
Investment Breakdown
|
Purchase Price
$941k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$188k
Closing costs
1%
$9,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,750
Total Expenses
$7,650
Mortgage P&I
108%
$5,149
Property Taxes
20%
$933
Home Insurance
7%
$332
HOA
0%
$0
Property Management
10%
$475
CapEx
5%
$238
Vacancy
6%
$285
Maintenance
5%
$238
Other
0%
$0