This property looks like a bad Long-Term investment with a projected -25.61% first-year return on $210k initial cash invested.
-25.61%
Cash On Cash
1.42%
Cap Rate
0.21
DSCR
$2,747
Rent
-$4,473
Cashflow
Cash Flow
$2,747 income − $7,220 expenses = $4,473 out of pocket
Investment Breakdown
|
Purchase Price
$998k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,747
Total Expenses
$7,220
Mortgage P&I
201%
$5,514
Property Taxes
15%
$413
Home Insurance
13%
$349
HOA
8%
$230
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0