This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $208k initial cash invested.
-20.89%
Cash On Cash
2.23%
Cap Rate
0.35
DSCR
$3,734
Rent
-$3,614
Cashflow
Cash Flow
$3,734 income − $7,348 expenses = $3,614 out of pocket
Investment Breakdown
|
Purchase Price
$989k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$208k
Downpayment
20%
$198k
Closing costs
1%
$9,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,734
Total Expenses
$7,348
Mortgage P&I
141%
$5,266
Property Taxes
22%
$814
Home Insurance
8%
$297
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0