This property looks like a bad Long-Term investment with a projected -22.1% first-year return on $210k initial cash invested.
-22.1%
Cash On Cash
1.57%
Cap Rate
0.26
DSCR
$2,254
Rent
-$3,861
Cashflow
Cash Flow
$2,254 income − $6,115 expenses = $3,861 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,254
Total Expenses
$6,115
Mortgage P&I
224%
$5,057
Property Taxes
5%
$122
Home Insurance
16%
$350
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0