This property looks like a bad Long-Term investment with a projected -20.44% first-year return on $209k initial cash invested.
-20.44%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$4,210
Rent
-$3,557
Cashflow
Cash Flow
$4,210 income − $7,767 expenses = $3,557 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,943
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,210
Total Expenses
$7,767
Mortgage P&I
130%
$5,464
Property Taxes
20%
$859
Home Insurance
8%
$350
HOA
0%
$0
Property Management
10%
$421
CapEx
5%
$210
Vacancy
6%
$253
Maintenance
5%
$210
Other
0%
$0