This property looks like a bad Long-Term investment with a projected -21.69% first-year return on $207k initial cash invested.
-21.69%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$3,892
Rent
-$3,739
Cashflow
Cash Flow
$3,892 income − $7,631 expenses = $3,739 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,892
Total Expenses
$7,631
Mortgage P&I
136%
$5,304
Property Taxes
25%
$969
Home Insurance
9%
$345
HOA
0%
$0
Property Management
10%
$389
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0