This property looks like a bad Long-Term investment with a projected -19.43% first-year return on $206k initial cash invested.
-19.43%
Cash On Cash
2.19%
Cap Rate
0.36
DSCR
$3,561
Rent
-$3,339
Cashflow
Cash Flow
$3,561 income − $6,900 expenses = $3,339 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$196k
Closing costs
1%
$9,819
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,561
Total Expenses
$6,900
Mortgage P&I
139%
$4,956
Property Taxes
17%
$598
Home Insurance
12%
$420
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0