This property looks like a bad Long-Term investment with a projected -25.59% first-year return on $205k initial cash invested.
-25.59%
Cash On Cash
1.29%
Cap Rate
0.2
DSCR
$2,055
Rent
-$4,367
Cashflow
Cash Flow
$2,055 income − $6,422 expenses = $4,367 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,055
Total Expenses
$6,422
Mortgage P&I
258%
$5,312
Property Taxes
11%
$234
Home Insurance
17%
$341
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0