This property looks like a bad Long-Term investment with a projected -14.33% first-year return on $209k initial cash invested.
-14.33%
Cash On Cash
3.71%
Cap Rate
0.58
DSCR
$5,791
Rent
-$2,496
Cashflow
Cash Flow
$5,791 income − $8,287 expenses = $2,496 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,791
Total Expenses
$8,287
Mortgage P&I
91%
$5,283
Property Taxes
17%
$970
Home Insurance
6%
$348
HOA
3%
$180
Property Management
10%
$579
CapEx
5%
$290
Vacancy
6%
$347
Maintenance
5%
$290
Other
0%
$0