This property looks like a bad Long-Term investment with a projected -22.26% first-year return on $199k initial cash invested.
-22.26%
Cash On Cash
1.99%
Cap Rate
0.31
DSCR
$3,746
Rent
-$3,684
Cashflow
Cash Flow
$3,746 income − $7,430 expenses = $3,684 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,746
Total Expenses
$7,430
Mortgage P&I
135%
$5,064
Property Taxes
27%
$1,007
Home Insurance
10%
$385
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0