This property looks like a bad Long-Term investment with a projected -20.55% first-year return on $207k initial cash invested.
-20.55%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$3,046
Rent
-$3,550
Cashflow
Cash Flow
$3,046 income − $6,596 expenses = $3,550 out of pocket
Investment Breakdown
|
Purchase Price
$987k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,871
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,046
Total Expenses
$6,596
Mortgage P&I
165%
$5,036
Property Taxes
13%
$411
Home Insurance
12%
$357
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0