This property looks like a bad Long-Term investment with a projected -29.88% first-year return on $209k initial cash invested.
-29.88%
Cash On Cash
0.37%
Cap Rate
0.06
DSCR
$2,093
Rent
-$5,197
Cashflow
Cash Flow
$2,093 income − $7,290 expenses = $5,197 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,093
Total Expenses
$7,290
Mortgage P&I
258%
$5,400
Property Taxes
48%
$995
Home Insurance
17%
$350
HOA
0%
$0
Property Management
10%
$209
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0