This property looks like a bad Long-Term investment with a projected -19.66% first-year return on $199k initial cash invested.
-19.66%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$4,106
Rent
-$3,252
Cashflow
Cash Flow
$4,106 income − $7,358 expenses = $3,252 out of pocket
Investment Breakdown
|
Purchase Price
$945k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,453
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,106
Total Expenses
$7,358
Mortgage P&I
125%
$5,125
Property Taxes
20%
$835
Home Insurance
8%
$331
HOA
0%
$0
Property Management
10%
$411
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0