This property looks like a bad Long-Term investment with a projected -23.96% first-year return on $205k initial cash invested.
-23.96%
Cash On Cash
1.17%
Cap Rate
0.19
DSCR
$1,842
Rent
-$4,089
Cashflow
Cash Flow
$1,842 income − $5,931 expenses = $4,089 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,842
Total Expenses
$5,931
Mortgage P&I
269%
$4,948
Property Taxes
9%
$159
Home Insurance
19%
$341
HOA
0%
$4
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0