This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $203k initial cash invested.
-19.04%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$4,089
Rent
-$3,218
Cashflow
Cash Flow
$4,089 income − $7,307 expenses = $3,218 out of pocket
Investment Breakdown
|
Purchase Price
$966k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,658
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,089
Total Expenses
$7,307
Mortgage P&I
129%
$5,271
Property Taxes
15%
$633
Home Insurance
8%
$341
HOA
0%
$0
Property Management
10%
$409
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0