This property looks like a bad Long-Term investment with a projected -21.56% first-year return on $208k initial cash invested.
-21.56%
Cash On Cash
2.34%
Cap Rate
0.35
DSCR
$4,001
Rent
-$3,735
Cashflow
Cash Flow
$4,001 income − $7,736 expenses = $3,735 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,001
Total Expenses
$7,736
Mortgage P&I
137%
$5,469
Property Taxes
22%
$881
Home Insurance
9%
$346
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0