This property looks like a bad Long-Term investment with a projected -13.84% first-year return on $208k initial cash invested.
-13.84%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$5,660
Rent
-$2,400
Cashflow
Cash Flow
$5,660 income − $8,060 expenses = $2,400 out of pocket
Investment Breakdown
|
Purchase Price
$991k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,909
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,660
Total Expenses
$8,060
Mortgage P&I
95%
$5,369
Property Taxes
16%
$887
Home Insurance
6%
$332
HOA
0%
$0
Property Management
10%
$566
CapEx
5%
$283
Vacancy
6%
$340
Maintenance
5%
$283
Other
0%
$0