This property looks like a bad Long-Term investment with a projected -24.9% first-year return on $209k initial cash invested.
-24.9%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$2,800
Rent
-$4,336
Cashflow
Cash Flow
$2,800 income − $7,136 expenses = $4,336 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,800
Total Expenses
$7,136
Mortgage P&I
194%
$5,424
Property Taxes
23%
$636
Home Insurance
12%
$348
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0