This property looks like a bad Long-Term investment with a projected -25.66% first-year return on $202k initial cash invested.
-25.66%
Cash On Cash
1.33%
Cap Rate
0.2
DSCR
$2,934
Rent
-$4,314
Cashflow
Cash Flow
$2,934 income − $7,248 expenses = $4,314 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,606
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,934
Total Expenses
$7,248
Mortgage P&I
178%
$5,233
Property Taxes
31%
$904
Home Insurance
12%
$348
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0