This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $207k initial cash invested.
-18.76%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$5,181
Rent
-$3,231
Cashflow
Cash Flow
$5,181 income − $8,412 expenses = $3,231 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,844
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,181
Total Expenses
$8,412
Mortgage P&I
102%
$5,279
Property Taxes
18%
$941
Home Insurance
7%
$350
HOA
10%
$495
Property Management
10%
$518
CapEx
5%
$259
Vacancy
6%
$311
Maintenance
5%
$259
Other
0%
$0