This property looks like a bad Long-Term investment with a projected -18.58% first-year return on $207k initial cash invested.
-18.58%
Cash On Cash
2.37%
Cap Rate
0.39
DSCR
$4,125
Rent
-$3,204
Cashflow
Cash Flow
$4,125 income − $7,329 expenses = $3,204 out of pocket
Investment Breakdown
|
Purchase Price
$986k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,125
Total Expenses
$7,329
Mortgage P&I
120%
$4,942
Property Taxes
26%
$1,070
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$412
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0