This property looks like a bad Long-Term investment with a projected -22.43% first-year return on $199k initial cash invested.
-22.43%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$3,557
Rent
-$3,715
Cashflow
Cash Flow
$3,557 income − $7,272 expenses = $3,715 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,557
Total Expenses
$7,272
Mortgage P&I
141%
$5,025
Property Taxes
27%
$954
Home Insurance
10%
$368
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0