This property looks like a bad Long-Term investment with a projected -20.56% first-year return on $210k initial cash invested.
-20.56%
Cash On Cash
1.91%
Cap Rate
0.32
DSCR
$2,867
Rent
-$3,595
Cashflow
Cash Flow
$2,867 income − $6,462 expenses = $3,595 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,867
Total Expenses
$6,462
Mortgage P&I
176%
$5,042
Property Taxes
11%
$325
Home Insurance
12%
$350
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0