This property looks like a bad Long-Term investment with a projected -18.47% first-year return on $198k initial cash invested.
-18.47%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$4,476
Rent
-$3,054
Cashflow
Cash Flow
$4,476 income − $7,530 expenses = $3,054 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,448
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,476
Total Expenses
$7,530
Mortgage P&I
114%
$5,120
Property Taxes
20%
$916
Home Insurance
7%
$329
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0