This property looks like a bad Long-Term investment with a projected -19.54% first-year return on $203k initial cash invested.
-19.54%
Cash On Cash
2.6%
Cap Rate
0.4
DSCR
$4,275
Rent
-$3,300
Cashflow
Cash Flow
$4,275 income − $7,575 expenses = $3,300 out of pocket
Investment Breakdown
|
Purchase Price
$965k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,275
Total Expenses
$7,575
Mortgage P&I
121%
$5,176
Property Taxes
22%
$949
Home Insurance
8%
$338
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$256
Maintenance
5%
$214
Other
0%
$0