This property looks like a bad Long-Term investment with a projected -18.37% first-year return on $193k initial cash invested.
-18.37%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$3,133
Rent
-$2,949
Cashflow
Cash Flow
$3,133 income − $6,082 expenses = $2,949 out of pocket
Investment Breakdown
|
Purchase Price
$917k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$193k
Downpayment
20%
$183k
Closing costs
1%
$9,174
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,133
Total Expenses
$6,082
Mortgage P&I
157%
$4,910
Property Taxes
2%
$60
Home Insurance
9%
$297
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0