This property looks like a bad Long-Term investment with a projected -24.43% first-year return on $210k initial cash invested.
-24.43%
Cash On Cash
1.43%
Cap Rate
0.22
DSCR
$2,436
Rent
-$4,271
Cashflow
Cash Flow
$2,436 income − $6,707 expenses = $4,271 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,436
Total Expenses
$6,707
Mortgage P&I
219%
$5,340
Property Taxes
13%
$308
Home Insurance
14%
$350
HOA
3%
$75
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0