This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $201k initial cash invested.
-21.74%
Cash On Cash
2.12%
Cap Rate
0.33
DSCR
$2,916
Rent
-$3,649
Cashflow
Cash Flow
$2,916 income − $6,565 expenses = $3,649 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$192k
Closing costs
1%
$9,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,916
Total Expenses
$6,565
Mortgage P&I
178%
$5,194
Property Taxes
8%
$227
Home Insurance
13%
$385
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0