This property looks like a bad Long-Term investment with a projected -18.85% first-year return on $199k initial cash invested.
-18.85%
Cash On Cash
3.04%
Cap Rate
0.45
DSCR
$3,496
Rent
-$3,130
Cashflow
Cash Flow
$3,496 income − $6,626 expenses = $3,130 out of pocket
Investment Breakdown
|
Purchase Price
$949k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,496
Total Expenses
$6,626
Mortgage P&I
153%
$5,362
Property Taxes
0%
$8
Home Insurance
10%
$346
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0