This property looks like a bad Long-Term investment with a projected -13% first-year return on $209k initial cash invested.
-13%
Cash On Cash
3.68%
Cap Rate
0.61
DSCR
$5,494
Rent
-$2,264
Cashflow
Cash Flow
$5,494 income − $7,758 expenses = $2,264 out of pocket
Investment Breakdown
|
Purchase Price
$995k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,494
Total Expenses
$7,758
Mortgage P&I
92%
$5,044
Property Taxes
17%
$937
Home Insurance
6%
$348
HOA
0%
$0
Property Management
10%
$549
CapEx
5%
$275
Vacancy
6%
$330
Maintenance
5%
$275
Other
0%
$0