This property looks like a bad Long-Term investment with a projected -24.64% first-year return on $208k initial cash invested.
-24.64%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$3,472
Rent
-$4,267
Cashflow
Cash Flow
$3,472 income − $7,739 expenses = $4,267 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,897
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,472
Total Expenses
$7,739
Mortgage P&I
155%
$5,374
Property Taxes
25%
$874
Home Insurance
9%
$314
HOA
8%
$274
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0