This property looks like a bad Long-Term investment with a projected -21.34% first-year return on $205k initial cash invested.
-21.34%
Cash On Cash
2.35%
Cap Rate
0.36
DSCR
$3,530
Rent
-$3,641
Cashflow
Cash Flow
$3,530 income − $7,171 expenses = $3,641 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,530
Total Expenses
$7,171
Mortgage P&I
152%
$5,375
Property Taxes
8%
$283
Home Insurance
10%
$341
HOA
7%
$255
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0