This property looks like a bad Long-Term investment with a projected -18% first-year return on $206k initial cash invested.
-18%
Cash On Cash
2.75%
Cap Rate
0.44
DSCR
$4,382
Rent
-$3,088
Cashflow
Cash Flow
$4,382 income − $7,470 expenses = $3,088 out of pocket
Investment Breakdown
|
Purchase Price
$980k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$196k
Closing costs
1%
$9,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,382
Total Expenses
$7,470
Mortgage P&I
117%
$5,118
Property Taxes
20%
$877
Home Insurance
8%
$336
HOA
0%
$0
Property Management
10%
$438
CapEx
5%
$219
Vacancy
6%
$263
Maintenance
5%
$219
Other
0%
$0