This property looks like a bad Long-Term investment with a projected -19.13% first-year return on $208k initial cash invested.
-19.13%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$4,390
Rent
-$3,321
Cashflow
Cash Flow
$4,390 income − $7,711 expenses = $3,321 out of pocket
Investment Breakdown
|
Purchase Price
$992k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,922
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,390
Total Expenses
$7,711
Mortgage P&I
122%
$5,342
Property Taxes
20%
$879
Home Insurance
8%
$348
HOA
0%
$0
Property Management
10%
$439
CapEx
5%
$220
Vacancy
6%
$263
Maintenance
5%
$220
Other
0%
$0