This property looks like a bad Long-Term investment with a projected -22.56% first-year return on $210k initial cash invested.
-22.56%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$3,897
Rent
-$3,940
Cashflow
Cash Flow
$3,897 income − $7,837 expenses = $3,940 out of pocket
Investment Breakdown
|
Purchase Price
$998k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$7,837
Mortgage P&I
141%
$5,493
Property Taxes
25%
$981
Home Insurance
9%
$349
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0