This property looks like a bad Long-Term investment with a projected -23% first-year return on $199k initial cash invested.
-23%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,749
Rent
-$3,820
Cashflow
Cash Flow
$2,749 income − $6,569 expenses = $3,820 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,749
Total Expenses
$6,569
Mortgage P&I
187%
$5,146
Property Taxes
14%
$377
Home Insurance
12%
$332
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0