This property looks like a bad Long-Term investment with a projected -22.08% first-year return on $204k initial cash invested.
-22.08%
Cash On Cash
1.94%
Cap Rate
0.31
DSCR
$4,201
Rent
-$3,748
Cashflow
Cash Flow
$4,201 income − $7,949 expenses = $3,748 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,701
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,201
Total Expenses
$7,949
Mortgage P&I
122%
$5,108
Property Taxes
26%
$1,109
Home Insurance
8%
$349
HOA
7%
$291
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0