This property looks like a bad Long-Term investment with a projected -18% first-year return on $209k initial cash invested.
-18%
Cash On Cash
3.14%
Cap Rate
0.47
DSCR
$4,676
Rent
-$3,131
Cashflow
Cash Flow
$4,676 income − $7,807 expenses = $3,131 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,676
Total Expenses
$7,807
Mortgage P&I
117%
$5,494
Property Taxes
16%
$746
Home Insurance
7%
$350
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0