This property looks like a bad Long-Term investment with a projected -20.41% first-year return on $199k initial cash invested.
-20.41%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$3,565
Rent
-$3,385
Cashflow
Cash Flow
$3,565 income − $6,950 expenses = $3,385 out of pocket
Investment Breakdown
|
Purchase Price
$948k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,565
Total Expenses
$6,950
Mortgage P&I
136%
$4,832
Property Taxes
24%
$849
Home Insurance
10%
$343
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0