This property looks like a bad Long-Term investment with a projected -21.58% first-year return on $209k initial cash invested.
-21.58%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$3,678
Rent
-$3,758
Cashflow
Cash Flow
$3,678 income − $7,436 expenses = $3,758 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,678
Total Expenses
$7,436
Mortgage P&I
146%
$5,373
Property Taxes
21%
$758
Home Insurance
9%
$348
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0