This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $201k initial cash invested.
-16.08%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$4,775
Rent
-$2,696
Cashflow
Cash Flow
$4,775 income − $7,471 expenses = $2,696 out of pocket
Investment Breakdown
|
Purchase Price
$958k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$192k
Closing costs
1%
$9,578
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,775
Total Expenses
$7,471
Mortgage P&I
102%
$4,866
Property Taxes
23%
$1,097
Home Insurance
6%
$266
HOA
0%
$0
Property Management
10%
$478
CapEx
5%
$239
Vacancy
6%
$286
Maintenance
5%
$239
Other
0%
$0