This property looks like a bad Long-Term investment with a projected -20.75% first-year return on $209k initial cash invested.
-20.75%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$4,027
Rent
-$3,619
Cashflow
Cash Flow
$4,027 income − $7,646 expenses = $3,619 out of pocket
Investment Breakdown
|
Purchase Price
$997k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,968
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,027
Total Expenses
$7,646
Mortgage P&I
131%
$5,293
Property Taxes
24%
$963
Home Insurance
9%
$343
HOA
0%
$0
Property Management
10%
$403
CapEx
5%
$201
Vacancy
6%
$242
Maintenance
5%
$201
Other
0%
$0