This property looks like a bad Long-Term investment with a projected -20.55% first-year return on $207k initial cash invested.
-20.55%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$3,780
Rent
-$3,540
Cashflow
Cash Flow
$3,780 income − $7,320 expenses = $3,540 out of pocket
Investment Breakdown
|
Purchase Price
$984k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,842
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,780
Total Expenses
$7,320
Mortgage P&I
142%
$5,378
Property Taxes
16%
$610
Home Insurance
9%
$349
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0