This property looks like a bad Long-Term investment with a projected -21.89% first-year return on $206k initial cash invested.
-21.89%
Cash On Cash
1.7%
Cap Rate
0.28
DSCR
$3,859
Rent
-$3,762
Cashflow
Cash Flow
$3,859 income − $7,621 expenses = $3,762 out of pocket
Investment Breakdown
|
Purchase Price
$982k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$196k
Closing costs
1%
$9,821
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,859
Total Expenses
$7,621
Mortgage P&I
129%
$4,960
Property Taxes
34%
$1,307
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0