This property looks like a bad Long-Term investment with a projected -18.55% first-year return on $209k initial cash invested.
-18.55%
Cash On Cash
2.6%
Cap Rate
0.41
DSCR
$3,627
Rent
-$3,236
Cashflow
Cash Flow
$3,627 income − $6,863 expenses = $3,236 out of pocket
Investment Breakdown
|
Purchase Price
$997k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,627
Total Expenses
$6,863
Mortgage P&I
144%
$5,217
Property Taxes
10%
$354
Home Insurance
10%
$349
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0