This property looks like a bad Long-Term investment with a projected -23.1% first-year return on $209k initial cash invested.
-23.1%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$3,346
Rent
-$4,023
Cashflow
Cash Flow
$3,346 income − $7,369 expenses = $4,023 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
$3,346
Total Expenses
$7,369
Mortgage P&I
161%
$5,391
Property Taxes
23%
$760
Home Insurance
10%
$348
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0