This property looks like a bad Long-Term investment with a projected -21.38% first-year return on $206k initial cash invested.
-21.38%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$4,028
Rent
-$3,663
Cashflow
Cash Flow
$4,028 income − $7,691 expenses = $3,663 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,028
Total Expenses
$7,691
Mortgage P&I
132%
$5,306
Property Taxes
25%
$995
Home Insurance
9%
$343
HOA
0%
$0
Property Management
10%
$403
CapEx
5%
$201
Vacancy
6%
$242
Maintenance
5%
$201
Other
0%
$0