This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $206k initial cash invested.
-16.2%
Cash On Cash
3.01%
Cap Rate
0.49
DSCR
$4,077
Rent
-$2,786
Cashflow
Cash Flow
$4,077 income − $6,863 expenses = $2,786 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$197k
Closing costs
1%
$9,825
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,077
Total Expenses
$6,863
Mortgage P&I
124%
$5,043
Property Taxes
10%
$415
Home Insurance
8%
$344
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0