This property looks like a bad Long-Term investment with a projected -20.54% first-year return on $209k initial cash invested.
-20.54%
Cash On Cash
1.98%
Cap Rate
0.32
DSCR
$3,194
Rent
-$3,576
Cashflow
Cash Flow
$3,194 income − $6,770 expenses = $3,576 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,194
Total Expenses
$6,770
Mortgage P&I
158%
$5,055
Property Taxes
17%
$536
Home Insurance
11%
$348
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0