This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $208k initial cash invested.
-19.22%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$3,751
Rent
-$3,323
Cashflow
Cash Flow
$3,751 income − $7,074 expenses = $3,323 out of pocket
Investment Breakdown
|
Purchase Price
$988k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,751
Total Expenses
$7,074
Mortgage P&I
136%
$5,099
Property Taxes
17%
$644
Home Insurance
9%
$355
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0