This property looks like a bad Long-Term investment with a projected -22.01% first-year return on $208k initial cash invested.
-22.01%
Cash On Cash
2.1%
Cap Rate
0.33
DSCR
$4,466
Rent
-$3,820
Cashflow
Cash Flow
$4,466 income − $8,286 expenses = $3,820 out of pocket
Investment Breakdown
|
Purchase Price
$992k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,918
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,466
Total Expenses
$8,286
Mortgage P&I
119%
$5,335
Property Taxes
29%
$1,302
Home Insurance
11%
$488
HOA
0%
$0
Property Management
10%
$447
CapEx
5%
$223
Vacancy
6%
$268
Maintenance
5%
$223
Other
0%
$0