This property looks like a bad Long-Term investment with a projected -21.24% first-year return on $206k initial cash invested.
-21.24%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$3,056
Rent
-$3,639
Cashflow
Cash Flow
$3,056 income − $6,695 expenses = $3,639 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$196k
Closing costs
1%
$9,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,056
Total Expenses
$6,695
Mortgage P&I
173%
$5,275
Property Taxes
2%
$62
Home Insurance
11%
$343
HOA
7%
$220
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0