This property looks like a bad Long-Term investment with a projected -18.98% first-year return on $207k initial cash invested.
-18.98%
Cash On Cash
2.35%
Cap Rate
0.38
DSCR
$3,759
Rent
-$3,282
Cashflow
Cash Flow
$3,759 income − $7,041 expenses = $3,282 out of pocket
Investment Breakdown
|
Purchase Price
$988k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$207k
Downpayment
20%
$198k
Closing costs
1%
$9,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,759
Total Expenses
$7,041
Mortgage P&I
134%
$5,026
Property Taxes
18%
$691
Home Insurance
9%
$346
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0