This property looks like a bad Long-Term investment with a projected -22.48% first-year return on $203k initial cash invested.
-22.48%
Cash On Cash
1.63%
Cap Rate
0.26
DSCR
$2,663
Rent
-$3,803
Cashflow
Cash Flow
$2,663 income − $6,466 expenses = $3,803 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,668
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,663
Total Expenses
$6,466
Mortgage P&I
187%
$4,984
Property Taxes
17%
$442
Home Insurance
13%
$348
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0