This property looks like a bad Long-Term investment with a projected -22.55% first-year return on $210k initial cash invested.
-22.55%
Cash On Cash
1.99%
Cap Rate
0.31
DSCR
$3,956
Rent
-$3,943
Cashflow
Cash Flow
$3,956 income − $7,899 expenses = $3,943 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,956
Total Expenses
$7,899
Mortgage P&I
136%
$5,399
Property Taxes
28%
$1,121
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$396
CapEx
5%
$198
Vacancy
6%
$237
Maintenance
5%
$198
Other
0%
$0