This property looks like a bad Long-Term investment with a projected -31.33% first-year return on $210k initial cash invested.
-31.33%
Cash On Cash
-0.33%
Cap Rate
-0.05
DSCR
$1,546
Rent
-$5,477
Cashflow
Cash Flow
$1,546 income − $7,023 expenses = $5,477 out of pocket
Investment Breakdown
|
Purchase Price
$999k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,546
Total Expenses
$7,023
Mortgage P&I
331%
$5,122
Property Taxes
74%
$1,149
Home Insurance
23%
$350
HOA
0%
$0
Property Management
10%
$155
CapEx
5%
$77
Vacancy
6%
$93
Maintenance
5%
$77
Other
0%
$0