This property looks like a bad Long-Term investment with a projected -17.66% first-year return on $199k initial cash invested.
-17.66%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$4,873
Rent
-$2,923
Cashflow
Cash Flow
$4,873 income − $7,796 expenses = $2,923 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,873
Total Expenses
$7,796
Mortgage P&I
107%
$5,205
Property Taxes
20%
$974
Home Insurance
7%
$350
HOA
0%
$0
Property Management
10%
$487
CapEx
5%
$244
Vacancy
6%
$292
Maintenance
5%
$244
Other
0%
$0