This property looks like a bad Long-Term investment with a projected -25.1% first-year return on $199k initial cash invested.
-25.1%
Cash On Cash
1.37%
Cap Rate
0.21
DSCR
$2,389
Rent
-$4,169
Cashflow
Cash Flow
$2,389 income − $6,558 expenses = $4,169 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,389
Total Expenses
$6,558
Mortgage P&I
215%
$5,132
Property Taxes
20%
$474
Home Insurance
14%
$332
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0