This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $209k initial cash invested.
-20.46%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$3,475
Rent
-$3,560
Cashflow
Cash Flow
$3,475 income − $7,035 expenses = $3,560 out of pocket
Investment Breakdown
|
Purchase Price
$994k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,942
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,475
Total Expenses
$7,035
Mortgage P&I
153%
$5,304
Property Taxes
14%
$479
Home Insurance
10%
$348
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0