This property looks like a bad Long-Term investment with a projected -23.13% first-year return on $199k initial cash invested.
-23.13%
Cash On Cash
1.29%
Cap Rate
0.22
DSCR
$2,995
Rent
-$3,838
Cashflow
Cash Flow
$2,995 income − $6,833 expenses = $3,838 out of pocket
Investment Breakdown
|
Purchase Price
$948k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,482
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,995
Total Expenses
$6,833
Mortgage P&I
157%
$4,708
Property Taxes
33%
$1,000
Home Insurance
12%
$345
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0