This property looks like a bad Long-Term investment with a projected -19.8% first-year return on $199k initial cash invested.
-19.8%
Cash On Cash
2.79%
Cap Rate
0.42
DSCR
$3,728
Rent
-$3,282
Cashflow
Cash Flow
$3,728 income − $7,010 expenses = $3,282 out of pocket
Investment Breakdown
|
Purchase Price
$947k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$189k
Closing costs
1%
$9,474
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,728
Total Expenses
$7,010
Mortgage P&I
142%
$5,299
Property Taxes
11%
$397
Home Insurance
9%
$345
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$186
Vacancy
6%
$224
Maintenance
5%
$186
Other
0%
$0