This property looks like a bad Long-Term investment with a projected -20.51% first-year return on $199k initial cash invested.
-20.51%
Cash On Cash
2.31%
Cap Rate
0.36
DSCR
$3,903
Rent
-$3,407
Cashflow
Cash Flow
$3,903 income − $7,310 expenses = $3,407 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,903
Total Expenses
$7,310
Mortgage P&I
129%
$5,039
Property Taxes
24%
$925
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0