This property looks like a bad Long-Term investment with a projected -22.13% first-year return on $203k initial cash invested.
-22.13%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$3,747
Rent
-$3,749
Cashflow
Cash Flow
$3,747 income − $7,496 expenses = $3,749 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$194k
Closing costs
1%
$9,680
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,747
Total Expenses
$7,496
Mortgage P&I
142%
$5,328
Property Taxes
23%
$855
Home Insurance
9%
$339
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0