This property looks like a bad Long-Term investment with a projected -20.45% first-year return on $204k initial cash invested.
-20.45%
Cash On Cash
2.55%
Cap Rate
0.39
DSCR
$4,484
Rent
-$3,477
Cashflow
Cash Flow
$4,484 income − $7,961 expenses = $3,477 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,484
Total Expenses
$7,961
Mortgage P&I
119%
$5,316
Property Taxes
24%
$1,060
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0