This property looks like a bad Long-Term investment with a projected -19.08% first-year return on $209k initial cash invested.
-19.08%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$3,860
Rent
-$3,323
Cashflow
Cash Flow
$3,860 income − $7,183 expenses = $3,323 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,860
Total Expenses
$7,183
Mortgage P&I
142%
$5,478
Property Taxes
9%
$353
Home Insurance
9%
$348
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0