This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $207k initial cash invested.
-15.77%
Cash On Cash
3.52%
Cap Rate
0.54
DSCR
$5,598
Rent
-$2,718
Cashflow
Cash Flow
$5,598 income − $8,316 expenses = $2,718 out of pocket
Investment Breakdown
|
Purchase Price
$985k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$197k
Closing costs
1%
$9,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,598
Total Expenses
$8,316
Mortgage P&I
95%
$5,324
Property Taxes
21%
$1,191
Home Insurance
6%
$345
HOA
0%
$0
Property Management
10%
$560
CapEx
5%
$280
Vacancy
6%
$336
Maintenance
5%
$280
Other
0%
$0