This property looks like a bad Long-Term investment with a projected -28.07% first-year return on $199k initial cash invested.
-28.07%
Cash On Cash
0.57%
Cap Rate
0.09
DSCR
$2,914
Rent
-$4,666
Cashflow
Cash Flow
$2,914 income − $7,580 expenses = $4,666 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,914
Total Expenses
$7,580
Mortgage P&I
170%
$4,968
Property Taxes
52%
$1,522
Home Insurance
11%
$332
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0