This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $199k initial cash invested.
-17.42%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$3,693
Rent
-$2,895
Cashflow
Cash Flow
$3,693 income − $6,588 expenses = $2,895 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%
$9,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,693
Total Expenses
$6,588
Mortgage P&I
138%
$5,089
Property Taxes
6%
$206
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0