This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $205k initial cash invested.
-19.49%
Cash On Cash
2.45%
Cap Rate
0.39
DSCR
$3,337
Rent
-$3,325
Cashflow
Cash Flow
$3,337 income − $6,662 expenses = $3,325 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,337
Total Expenses
$6,662
Mortgage P&I
154%
$5,145
Property Taxes
9%
$308
Home Insurance
10%
$341
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0