This property looks like a bad Long-Term investment with a projected -20.29% first-year return on $208k initial cash invested.
-20.29%
Cash On Cash
2.25%
Cap Rate
0.36
DSCR
$3,273
Rent
-$3,511
Cashflow
Cash Flow
$3,273 income − $6,784 expenses = $3,511 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,273
Total Expenses
$6,784
Mortgage P&I
159%
$5,201
Property Taxes
15%
$480
Home Insurance
8%
$252
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0