This property looks like a bad Long-Term investment with a projected -19.92% first-year return on $207k initial cash invested.
-19.92%
Cash On Cash
2.49%
Cap Rate
0.39
DSCR
$4,000
Rent
-$3,433
Cashflow
Cash Flow
$4,000 income − $7,433 expenses = $3,433 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,847
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,000
Total Expenses
$7,433
Mortgage P&I
132%
$5,274
Property Taxes
18%
$736
Home Insurance
9%
$350
HOA
1%
$33
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0