This property looks like a bad Long-Term investment with a projected -19.37% first-year return on $206k initial cash invested.
-19.37%
Cash On Cash
2.49%
Cap Rate
0.4
DSCR
$4,454
Rent
-$3,319
Cashflow
Cash Flow
$4,454 income − $7,773 expenses = $3,319 out of pocket
Investment Breakdown
|
Purchase Price
$979k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$196k
Closing costs
1%
$9,791
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,454
Total Expenses
$7,773
Mortgage P&I
115%
$5,124
Property Taxes
25%
$1,097
Home Insurance
9%
$394
HOA
0%
$0
Property Management
10%
$445
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0