This property looks like a bad Long-Term investment with a projected -24.06% first-year return on $196k initial cash invested.
-24.06%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$3,193
Rent
-$3,922
Cashflow
Cash Flow
$3,193 income − $7,115 expenses = $3,922 out of pocket
Investment Breakdown
|
Purchase Price
$931k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$196k
Downpayment
20%
$186k
Closing costs
1%
$9,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,193
Total Expenses
$7,115
Mortgage P&I
156%
$4,981
Property Taxes
30%
$971
Home Insurance
10%
$332
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0