This property looks like a bad Long-Term investment with a projected -22.25% first-year return on $199k initial cash invested.
-22.25%
Cash On Cash
1.99%
Cap Rate
0.31
DSCR
$3,598
Rent
-$3,698
Cashflow
Cash Flow
$3,598 income − $7,296 expenses = $3,698 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,598
Total Expenses
$7,296
Mortgage P&I
142%
$5,094
Property Taxes
26%
$934
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0