This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $199k initial cash invested.
-17.5%
Cash On Cash
2.74%
Cap Rate
0.45
DSCR
$4,717
Rent
-$2,898
Cashflow
Cash Flow
$4,717 income − $7,615 expenses = $2,898 out of pocket
Investment Breakdown
|
Purchase Price
$947k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,717
Total Expenses
$7,615
Mortgage P&I
102%
$4,822
Property Taxes
20%
$942
Home Insurance
7%
$339
HOA
6%
$285
Property Management
10%
$472
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0