This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $199k initial cash invested.
-14.31%
Cash On Cash
3.42%
Cap Rate
0.56
DSCR
$4,907
Rent
-$2,369
Cashflow
Cash Flow
$4,907 income − $7,276 expenses = $2,369 out of pocket
Investment Breakdown
|
Purchase Price
$946k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,907
Total Expenses
$7,276
Mortgage P&I
98%
$4,824
Property Taxes
19%
$908
Home Insurance
5%
$269
HOA
0%
$0
Property Management
10%
$491
CapEx
5%
$245
Vacancy
6%
$294
Maintenance
5%
$245
Other
0%
$0