This property looks like a bad Long-Term investment with a projected -23.04% first-year return on $199k initial cash invested.
-23.04%
Cash On Cash
1.84%
Cap Rate
0.28
DSCR
$3,320
Rent
-$3,827
Cashflow
Cash Flow
$3,320 income − $7,147 expenses = $3,827 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,320
Total Expenses
$7,147
Mortgage P&I
154%
$5,114
Property Taxes
25%
$838
Home Insurance
10%
$332
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0